Labour is banking on the nation's falling living standards to help decide the outcome of the 2015 General Election.
Opposition leader Ed Miliband said people feeling worse off than in 2010 would be "the issue of the next two years", attempting to pin down David Cameron on the issue during Prime Minister's Questions.
Channelling Ronald Reagan, he asked: "Can the Prime Minister tell us whether at the end of this Parliament, living standards will be higher or lower than they were at the beginning?"
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