Costly failure

WORKERS being an average £1,773 a year worse off by 2021 underlines how Tory austerity is hitting living standards.

Falling wage growth and relatively high inflation, before we even include benefit cuts, are eating into household budgets, cheating those in work as well as out of it.

Conservative claims that the real value of pay packets is finally rising are not true when matched against Retail Prices Index inflation, which includes housing costs.

Tory austerity has failed, the so-called longterm economic plan has failed and the longest squeeze in wages in history is failing workers.