BBC Democracy Live - PMQs: Cameron rejects 'falling living standards' claim 13 February 2013 Last updated at 12:48 Help David Cameron has rejected Ed Miliband's claims that living standards will be lower in 2015 than when the coalition came to power. The prime minister said people would be "a lot better off than under Labour" during prime minister's questions on 13 February 2013. He quoted the governor of the Bank of England as saying the UK economy is "on the road to recovery." But the Labour leader accused the prime minister of being "out of touch." Mr Miliband said come the next election people would be asking whether they are better off than five years ago. He cited figures from the Office for Budgetary Responsibility suggesting "people will be worse off as prices have been rising faster than earnings." But Mr Cameron told the Commons:"Living standards will certainly be higher for those people on the minimum wage working full-time, whose income tax bill has already been halved by this government." He added: "People will be a lot better off than they were under Labour, with a record deficit, with unreformed welfare, with a busted banking system." He said the government had frozen council tax, lowered the deficit, cut petrol duty, reformed the banks and legislated for lower energy bills. But Mr Miliband said the government's economic plan had "failed," with a "flat-lining" economy and "declining" living standards. He accused the PM of "standing up for the wrong people" by cutting the top rate of tax to 45p; but Mr Cameron countered that Labour's 50p tax rate brought in less revenue.