Lower wages across the country than when the Conservatives came to power
New analysis reveals the Conservatives’ wholescale failure to grow the economy and to level up Britain, with figures showing that in every region in Great Britain real wages are lower now than when they came to power in 2010.
Across the country as a whole, real wages are down by an average of 5%, leaving people £1,600 a year worse off than they were in 2010. This is the same in the North West of England.
A crucial component of getting wages up and improving living standards is growing the economy, something that has stalled under the Conservatives.
If the economy had continued to grow at the same rate as it had been with the last Labour government, then there would be £30 billion more to spend on public services without having to raise a single tax.
These figures don’t just underline a lack of growth under the Tories, they show the complete failure over 12 years to build an economy that actually works in the interests of working people.
Married with the billions upon billions of taxpayer money that has been wasted on undelivered projects, crony contracts, unsafe PPE and Tory vanity projects, it shows just what irresponsible stewards of the economy the Conservatives are.
The people of Stockport deserve better.