Blog/ New figures show working people seeing pay falling far behind the cost of living
Posted by Terry Bannon518pc on September 18, 2014
New figures show working people seeing pay falling far behind the cost of living
Stephen Timms MP, Labour’s Shadow Employment Minister, responds to the latest Labour Market Statistics
“Today’s fall in overall unemployment is welcome, but the new figures have shown working people are seeing their pay falling far behind the cost of living.
“Pay excluding bonuses today is the lowest on record. Under this Government wages after inflation have already fallen by over £1,600 a year since 2010 and by next year working people will have seen the biggest fall in wages of any Parliament since 1874.
“A Labour government will freeze gas and electricity bills, raise the minimum wage and get more homes built to tackle the cost-of-living crisis.”