Barbara has attacked the Government’s failing economic policies as new figures reveal just how much average earnings have fallen in the region. Across the North West, average earnings have fallen by £1,685 since 2010. This is the second highest fall in earnings in the country.
Barbara points out that this big drop in living standards for families is due to the policies of the Conservative-led Government. The increase in VAT pushed up inflation at a time when wages were frozen and tax credits were being cut. Prices have risen faster than wages for 36 out of 37 months since the Coalition came to power. Yet at the same time bank bonuses have soared and millionaires have enjoyed a tax cut.
“Increasing inflation, lower salaries and cuts to tax credits are having a real impact on living standards in Salford. I know that many working families in Worsley and Eccles South are struggling to make ends meet.
“We need a change of policy. A Labour Government would take immediate action to help those who are struggling, including re-introducing the 10p rate of income tax and addressing the large profits being made by energy companies and train operators. We would also protect tax credits for working families by reversing the tax cut for millionaires.”
“These practical measures would really help people in Salford who are working hard but also struggling to keep on top of increasing prices with less money coming in than they had three years ago.”