UK economy

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Living Standards

Unpicking the business and economic issues behind the 2017 general election.

Inflation is rising faster than earnings, leading to a squeeze on living standards. With wage growth lagging behind inflation for the first time since mid-2014, the BBC's Economics editor Kamal Ahmed and BBC Business editor Simon Jack look at the challenges facing whoever wins the general election. They're joined by Laura Gardiner, Senior Research and Policy Analyst from the Resolution Foundation. (Credit: Archive of Ronald Reagan: Courtesy of the Ronald Reagan Presidential Foundation & Library) Producer: Audrey Tinline Programme assistant: George Pierpoint.

Why Did Ebbw Vale Vote for Brexit?

The town is a major recipient of EU regeneration funds. Why bite the hand that feeds it?

The former steel town in Wales is a major recipient of EU regeneration funds. So why bite the hand that feeds it? Local business leader Phil Edwards tells the BBC's Edwin Lane. (Picture: A woman passes a derelict site in Ebbw Vale; Credit: Matt Cardy/Getty Images)

Loyds chief executive Antonio Horta Osorio says he is 'optimistic' about the UK economy

Loyds chief executive Antonio Horta Osorio says he is 'optimistic' about the UK economy

Labour donor: Promises may be 'difficult to pay

The World at One

BBC Radio 4

In its election manifesto launched today, Labour has unveiled pledges costing £48.6bn - to be funded from extra tax revenue.

Businessman John Mills is a major donor to the Labour Oarty and is chair of the campaign group Labour Future.

He told BBC Radio 4's The World at One that there was a danger that "if businesses are hit too hard, and the economy doesn't grow, then funding all these promises is going to be a lot more difficult", and "a balance has to be struck".