The latest figures from the ONS, published yesterday reveal real wages fell by 3.1% on the year in the three months of October to December – the biggest drop in 14 years. Analysis from Swindon Labour reveals that local wages have fallen by £992.19 over the last twelve months.
Publishing the figures, Labour’s Councillor Jim Robbins said, “Wages are tumbling, prices are rising, and families in Swindon need real support to help them get through the worst cost of living crisis in decades. They need a government that is on their side, but instead all we get is chaos, incompetence and the highest tax burden in 70 years while public services collapse all around us.
“If Labour was in power today we would bring in a proper windfall tax on the outrageous profits of the energy giants to fund real help for families struggling with the cost of living crisis. That means preventing the energy price cap from rising again in April, help with insulation to bring down bills, and an end to the prepayment meter scandal.
“Labour has a plan to build a better Swindon and get our economy moving again – and with families in Swindon nearly £1,000 worse off and struggling to make ends meet after 13 years of Conservative failure, change can’t come a minute too soon.”
