Monday 20 August 2018 / 12:46 PM Economy / Peter Dowd

OECD figures show the disastrous impact of austerity – Peter Dowd

Peter Dowd MP, Labour’s Shadow Chief Secretary to the Treasury, responding to the OECD’s findings that since 2010 UK household incomes have the worst performance of any OECD member, with the biggest gap between GDP growth and household incomes of any member country, said:

“These OECD figures show the disastrous impact of nearly a decade of austerity on the living standards of families, with households in the UK losing out more than any other OECD member.

“The findings are a stark example of how brutal Tory pay restraint and austerity has led to living costs outstripping earnings for families.”