Full text of Ed Balls' response to the 2013 Autumn statement

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Mr Speaker,

The whole country will have seen today that, for all his boasts and utterly breathtaking complacency, the Chancellor is in complete denial about the central fact which is defining this Government’s time in office.

That under this Chancellor and this Prime Minister, for most people in our country, living standards are not rising, they are falling year on year.

So Mr Speaker, let me ask the Chancellor to demonstrate that he’s not completely out of touch with the cost of living crisis facing millions of people in our country.

Can he confirm that on average working people in our country are £1600 a year worse off than they were when he and the Prime Minister took office?

And that today’s OBR forecasts show that prices will continue to rise faster than wages this year and into next year too?

And that, as a result, people will be worse off in 2015 than they were in 2010?

Mr Speaker, isn’t this the truth – after three damaging years of flatlining, after the slowest recovery for over 100 years, from a Chancellor and a Prime Minister who said ‘we’re all in this together’ and then gave a huge tax cut to millionaires – working people aren’t better off under the Tories, they are worse off under the Tories.