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Ed Balls: Workers worse off now than in any year since 1874

Workers haven’t been this strapped for cash since 1874, Labour said yesterday.

House of Commons Library figures show that Chancellor George Osborne has overseen the biggest slump in earnings after inflation in 140 years.

And Labour researchers found that this is set to be the first Parliament since the 1920s when real earnings have been lower at the start than at the beginning.

The damning figures were released a day before shadow chancellor Ed Balls was due to make a key speech on the economy in swing seat Bedford attacking the Tories’ “dismal record of failure” on their pledge to make working people bet off in 2010.

Mr Balls will say the choice in 2015 is between “more good jobs with Labour or a race to the bottom on wages under the Tories.”

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