Living standards crisis far from over, warns TUC
Commenting on today’s (Tuesday) inflation figures from the Office for National Statistics, which show CPI inflation down at 2.7%, TUC General Secretary Frances O’Grady said:
“Britain’s living standards crisis is far from over. Today’s fall in prices may ease the pressure a bit. But working people will still be worse off at the end of this parliament than before the crash.
“The government must up its game. Millions of workers haven't had a proper pay rise in years.
“Unless ministers invest in the infrastructure and public services needed for better-paid jobs, the UK will remain at the bottom of the league for real wage growth.”
Analysis published by the TUC shows the UK is set have the worst wage performance of any advanced economy in 2018.
- In December 2017 TUC published analysis of OECD forecasts, which found that the UK is set to see real wages fall by 0.7% in 2018, ranking last in a list of 32 countries. The analysis can be found here: https://www.tuc.org.uk/news/national/uk-be-bottom-wage-growth-league-2018-tuc-head-warn-new-year-message
- The Trades Union Congress (TUC) exists to make the working world a better place for everyone. We bring together more than 5.5 million working people who make up our 49 member unions. We support unions to grow and thrive, and we stand up for everyone who works for a living.
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