'The Ipsos Mori survey for the Observer suggests that the traditional postwar assumption that living standards always tend to rise in the medium to long term is being eroded as austerity bites and real incomes stagnate or even fall.'
How can it be otherwise? - I spend much time warning schoolchildren how tough it is going to be for them in our 'brave new world'.
Clearly, financially it is going to be a nightmare because of our politicians and their many failures. They are already dumped in a moral wilderness - for which the entire liberal left must take the blame.
A bleak future indeed!
