Andrew Gwynne, MP for Denton and Reddish, has slammed the Government after new analysis revealed that in every region in Great Britain, real wages are lower now than when the Tories came to power in 2010.
Across the North West, there has been a real-terms wage decline of 5% since 2010, leaving local people £1,600 a year worse off.
A crucial component of getting wages up and improving living standards is growing the economy, something that Gwynne says has ‘stagnated’ under the Tories.
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 a single tax needing to be raised.
Commenting, Andrew Gwynne said:
“These figures demonstrate the total failure of the Tory party to build a prosperous economy that works in the interests of working people.
Wages are falling, bills are rising, and working people have nothing to show for 13 years of Conservative Government.
Labour is the only party with a real vision to improve the lives of people across Denton and Reddish, and change can’t come soon enough”.
Labour’s Shadow Chancellor Rachel Reeves added:
“Married with the billions upon billions of taxpayer money that has been wasted on undelivered projects, crony contracts, unsafe PPE and Tory vanity projects, these figures show just what irresponsible stewards of the economy the Conservatives are.
Labour will stabilise our economy, and we will get it growing with our Green Prosperity Plan and our active partnership with British businesses.”