According to official government figures from the Office for National Statistics, the average UK worker has seen a real-terms salary reduction of over £1,000 since the Conservatives took office.
If inflation is taken into account, the average weekly pay should be £609.40. The real number is £589.70, a weekly wage decrease of £20 or a yearly salary cut of £1,040.
The Labour Party’s analysis of ONS statistics revealed that salaries have decreased by 3.45 percent on average since 2010, although some employees will have fared far worse.
Wages have decreased across the nation, but nearly three-quarters of employees in Yorkshire, the North East, the East of England, and the South East have seen their wages fall since the Tories took office.
Labour is asking for an urgent rise to at least £10 an hour in the minimum wage.
Angela Rayner MP, Deputy Leader of the Labour Party and Shadow Secretary of State for the Future of Work, said: “This government has totally failed working people.
“In-work poverty is at record levels and millions of working people are struggling to make ends meet whilst mates of Ministers and Conservative donors are given billions of pounds of taxpayers’ money.
“Everyone should earn a fair day’s wage for a fair day’s pay and earn enough to raise a family and live a decent, secure and fulfilling life.
“It is a sign of a broken economic model under the Conservatives that people working full-time or even multiple jobs are not able to make ends meet and millions of children are growing up in poverty in working families.
“It’s time to make our economy work for working people.
“Labour would immediately raise the minimum wage to at least £10 an hour and give workers more power in discussions about pay and benefits by supporting people to negotiate pay rises collectively with all workers in their sector so they can get the fair pay that they deserve.”