Publication today (Wednesday) of the Annual Survey of Hours and Earnings by the ONS show that real wages in the East Midlands fell by over £1,200 in the five years since the 2010 general election.
Commenting on today’s publication, Owen Smith MP, Labour’s Shadow Work and Pensions Secretary said:
“These figures deliver a damning final verdict on the Tories’ record on pay over the last parliament. In the five years following the 2010 general election, real wages fell by a staggering £1,150. This is a huge dent in family incomes right across Britain, causing falling living standards for millions, forcing many working people in to poverty and pushing record numbers to rely on food banks.
“Working people have carried the can for the Tories’ incompetence for too long. The government must now recognise and address the economic decline they have overseen, which has resulted in an increasingly low wage economy. We urgently need a real Living Wage, instead of Tory attempts to rebrand an increase in the minimum wage, and the very last thing they should be doing is cutting tax credits, which are a vital life line to the growing numbers of low paid workers.”