Pay packets in Swansea are set to be worth over £1,000 a year less this year – in real terms, that is once inflation has been taken into consideration – than in 2021, according to new Wales TUC analysis.
The analysis of official data shows that average real wages will fall by around £1,031 compared to last year.
The stark findings are published as the Wales TUC and Swansea Trades Council bring together union leaders and workers in Swansea on Monday ahead of the union body’s National Day of Action to demand better for working people – and a UK parliamentary lobby on 2 November. Speakers at Monday’s rally will include leading figures from the RMT, NEU, PCS and Wales TUC.
The analysis shows the median salary in Swansea in 2021 was £23,383. Wales TUC analysis, based on Office for Budget Responsibility forecasts, shows the value of wages in Swansea will fall by around £1,031 as soaring inflation outstrips the increase in wages.
The Wales TUC says years of stagnating pay have left workers “badly exposed” to Britain’s cost of living crisis.
The union body says the UK Government must take urgent action to raise wages and protect families from spiralling household costs.
Urgent action
The Wales TUC says governments in Westminster and Cardiff must:
Raise wages and improve workers’ rights by:
Reduce household costs by:
Wales TUC General Secretary Shavanah Taj said:
“Families are under intolerable financial pressure with costs spiralling out of control.
“Workers in Wales are facing the biggest fall in living standards in generations.
“We have workers in the public sector in Wales who are pawning possessions, taking second jobs and turning to gambling to make ends meet.
"Workers deserve better. Governments in Cardiff and London must do more to help working people have a decent standard of living – starting with getting wages rising.
“Now is the time for workers to come together and demand better.”
ENDS
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