Gavin Kelly

Breaking the curious silence on upcoming tax changes

From our UK edition

This week, Nick Clegg added his name to the fast-growing list of politicians addressing the critical question of living standards. His phrase of choice was ‘alarm clock Britain’, in effect his version of Ed Miliband’s ‘squeezed middle’. It is, of course, a clunking label for what is a serious topic (hardly the first time a politician has achieved such a feat). But quibbles over terminology aside – and as Miliband’s article on Friday confirmed – these are the first serious shots in the political battle to frame the coalition’s crucial March Budget.

The Big Squeeze

From our UK edition

The media pack is often blind to an impending political car-crash.  For instance, very few in Westminster, or the media, noticed the scrapping of the 10p tax band until the screech of twisting steel turned heads. The same is happening now in relation to living standards. The media and political establishment are yet to wake up to the fact that working families in Britain are about to become poorer (though hat-tip to Allister Heath for being quick off the mark on this front). The gathering wisdom is that, with the recession now behind us, household budgets will start to recover.  We have just published a new report – Squeezed Britain  – that paints a darker picture.