From James Meadway of New Economics Foundation
Average real earnings growth
Most of us in UK are getting poorer every year since 2010, but economic growth has been driven by rising consumer spending. He offered 2 possible reason: rising inequality and borrowing.
… four out of five jobs created under Osborne have been in sectors where average wages are less than a quarter of average earnings. Just under 80% are in London and most are involuntary part-time, zero hours or enforced self-employed: the flexible labour market in action.
Unsecured lending and retail sales
Economic growth (retail sales) has been dangerously sustained by increasing level of borrowing (unsecured lending).
Tipping Point North South 