Wednesday 22 August 2018 / 7:13 AM Economy / John McDonnell

Resolution Foundation report shows the disastrous impact of nearly a decade of austerity on earnings – McDonnell

John McDonnell MP, Labour’s Shadow Chancellor, responding to a new report by the Resolution Foundation which has shown that earnings are still £13 a week down on a decade ago, said:

“These figures show the disastrous impact of nearly a decade of austerity on earnings, with workers in the UK losing out under Tory rule.

“The findings are a stark example of how brutal Tory pay restraint and austerity has led to a crisis in living standards for families.

“Labour will be a government for the many, not the few. We will reverse the disastrous Tory austerity agenda and give workers a decent pay increase, while ensuring the richest pay their fair share of tax to fund the public services we all need.”