British workers have suffered one of the biggest falls in real wages among European countries over the past three years, with only crisis-hit Greece, Portugal and the Netherlands doing worse.
New figures collated by the House of Commons Library show a 5.5 per cent drop in wages after inflation since 2010. This follows other recent national statistics on the rising cost of living and a substantial fall in living standards since the first of George Osborne's austerity budgets was delivered three years ago.
The shadow Treasury secretary, Cathy Jamieson, said the figures, released by the Labour Party yesterday, showed that not only was Britain worse off under the Conservative-led coalition, but the UK was doing much worse than most other EU countries.
Ms Jamieson said: "Life is getting harder for ordinary families, as prices continue rising faster than wages." She attacked David Cameron and the Chancellor as "failing badly over the past three years, with working people paying a heavy price".
Read more: Fall in wages puts Britain in Europe's bottom four - UK Politics - UK - The Independent
New figures collated by the House of Commons Library show a 5.5 per cent drop in wages after inflation since 2010. This follows other recent national statistics on the rising cost of living and a substantial fall in living standards since the first of George Osborne's austerity budgets was delivered three years ago.
The shadow Treasury secretary, Cathy Jamieson, said the figures, released by the Labour Party yesterday, showed that not only was Britain worse off under the Conservative-led coalition, but the UK was doing much worse than most other EU countries.
Ms Jamieson said: "Life is getting harder for ordinary families, as prices continue rising faster than wages." She attacked David Cameron and the Chancellor as "failing badly over the past three years, with working people paying a heavy price".
Read more: Fall in wages puts Britain in Europe's bottom four - UK Politics - UK - The Independent
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