David Cameron and George Osborne's economic policies have "badly failed over the last three years and working people are paying a heavy price," the shadow treasury minister has said.
The criticism from Cathy Jamieson comes in light of new figures released by the House of Commons showing that British workers' wages have suffered one of the sharpest falls in the European Union.
The Kilmarnock & Loudoun MP said: "Despite out of touch claims by ministers, life is getting harder for ordinary families as prices continue rising faster than wages.
"Ministers keep talking about the global race, but when it comes to living standards it's clear we're losing."
More top news
The cost of filling up an average diesel car has dropped by £3 in just a month, new figures have shown.
Singer Gwen Stefani and her British husband Gavin Rossdale are to divorce after almost 13 years of marriage.
The inflatable Minion fell onto oncoming traffic in Dublin on Monday, causing widespread disruption.