Fraser Nelson Fraser Nelson

Living costs – where the real threat lies

Déjà-lu is a feeling that Spectator subscribers become familiar with. Part of the reason for subscribing (which you can now do from £12, including free iPad access) is to get ahead of the competition – and read today what the newspapers will be saying tomorrow. We’re delighted that the cover story of Thursday’s edition, by Allister Heath, is the main OpEd slot in the Daily Mail today – and with good reason. All of the focus has been on the cuts, 500,000 jobs to go etc. As CoffeeHousers know, jobs are not expected to be the issue over the next few years: the same forecasts suggest 1.5m jobs will be created. (This 3-1 ratio may sound optimistic, but it is what happened under Major.)

Heath points to what will cause the coalition problems: the soaring cost of living.

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