00:00Thank you Nigel. It's time for the truth. Britain has been in decline. Britain is in decline.
00:12From 1970 to 2007, real wages went down by one third every 10 years. Since then, they flatlined.
00:24At the turn of the millennium, the average Brit was earning more than twice as much as the average Pole.
00:33By 2031, we are on track to be poorer. Outside of London and the South East, our economy is closer to Bulgaria's than to Germany's.
00:45Today, 18 to 30 year olds are the first Britons to earn less than their parents.
00:54Houses cost more here than in any other OECD country.
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