Labour has accused the Conservatives of presiding over ‘thirteen
years of low pay and lost wage growth,’ as new analysis from the
party reveals that real average earnings have risen by only 3p
since May 2010.
The analysis from the Labour Party shows how real average weekly
earnings under the Conservatives have gone up by just 3p
since they came into power in May 2010.
With Labour in government the rise in weekly earnings was £58
between January 2000 and May 2010 - nearly 2000 times bigger than
under the Tories.
Commenting on the analysis, Shadow Secretary of State for
Work and Pensions
said:
“The Conservatives have presided over thirteen years of low pay
and lost wage growth that has left working people worse
off.
“Labour in power makes Britain better off. Our plan for the
economy will boost growth, increase wages and create
good jobs across our country.”
Ends
Notes to editors
- Real average weekly earnings (regular pay) under the Tories
have gone up by only 3p since they came into government in May
2010.
- When Labour were in government (between Jan 2000 and May
2010) they went up by £58. The increase under Labour was nearly
2000 times bigger.
- Nominal earnings figures are deflated to constant 2015
prices.
- Figure for the last Labour government shows growth between
January 2000 and May 2010 as that is where the ONS main AWE
series goes back to.
- If this was extrapolated to yearly pay, the total rise under
the Tories would be £1.70, vs £3,030 with Labour.
