UK wages have fallen more than ever before in a five-year period, the Institute for Fiscal Studies has found. Those on medium and low incomes have had their living standards undermined during an economic crisis not of their making. The undermining of social security as well as workers’ rights are likely to continue to cause social and economic damage.
Archbishop Hieronymos II of Athens and All Greece has warned the Greek government of a possible social upheaval if more austerity measures are ushered in by international financial institutions overseeing the sovereign debt crisis.
Campaigners have today criticised Gordon Brown for refusing to send a cabinet minister to the United Nations summit on the economic crisis, whilst personally attending the 'outdated and elitist' G8 meeting in July.