Incomes squeeze denied May a landslide – now she must change course
by Larry Elliott from Economics | The Guardian on (#2ST6J)
With inflation at a four-year high and real wages shrinking, the Conservatives need to show the age of austerity is over
Anyone seeking an explanation for the bloody nose received by the government in the election should start with wages, prices and living standards.
Sure, the Conservatives fought a terrible campaign. True, Theresa May's shortcomings were exposed. No question, the mobilisation of young voters by Labour played a big part in the result.
Related: Britons feel the squeeze as inflation rises to four-year high of 2.9%
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