Clegg says the economy is “fixed”. But here’s proof that it isn’t – and from rich to poor, the British people are worse off

Yesterday, Nick Clegg proclaimed in the Commons that:

“We have fixed the economy”

Yet today, the Office of National Statistics have released data that proves him wrong. After much crowing last week about wages overtaking inflation for the first time this Parliament, it turns out most people are worse off this year than they were last year. The ONS Annual Survey of Hours and Earnings data shows that average (mean) weekly pay in the year to April 2014 fell by 1.8% after accounting for CPI. And every single segment of the British public is worse off. Here’s a chart from the Resolution Foundation that shows the full extent of the problem – with every single percentile worse off than last year:

If this is what fixing the economy looks like, we wouldn’t want to see what failing to fix the economy looks like…