Figures from the ONS reveal that real wages (excluding bonuses) are falling at their fastest rate in more than a decade – 3.7% in just one year – the equivalent to nearly £1,000 in Ipswich.
New analysis published by Ipswich Labour reveals that the average worker in the town has suffered a real wage reduction of £977.91 in the last 12 months.
Labour has a plan to tackle the cost of living crisis which will:
– Cut VAT on home energy bills
– Reduce energy bills by insulating 19 million homes
– Cut small business rates
– Buy, make and sell more in Britain
Publishing the new analysis, Jack Abbott, Labour and Co-operative Prospective Parliamentary Candidate for Ipswich, said: “This Conservative Government has downed tools while the rest of us face the worst cost of living crisis in generations.
“Wages are collapsing in Ipswich and we are all feeling the pinch – yet this zombie government is nowhere to be seen. But Labour has a plan to help families in Ipswich now. We would cut VAT on energy, insulate homes to lower bills, cut small business rates and buy, make and sell more in the UK.
“This Government is stale, failing and out of ideas, and the Conservatives are too busy fighting amongst themselves to act. It’s time for a fresh start with Labour.”