MP claimed consumers were wealthier than ever

Most consumers are now feeling the pinch to put it mildly with household budgets stretched to their limits due to rising living costs, soaring petrol prices, increased food costs, and high borrowing costs. Yet, according to a recent report one Labour MP has branded the British public as being miserable and has said that consumers in the UK are actually wealthier than ever. Transport Minister, Tom Harris, made the comments some weeks ago, and was slated by other officials given the financial crisis that many households are suffering. Read more

Tags: arrogance, new level, shopping, MP, borrowing, Household, prime minister