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East Devon Liberal Democrats

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0.5% fall in wages shows Brexit causing "real costs for real people"

August 16, 2017 1:00 PM
Originally published by UK Liberal Democrats

Real wages fell by 0.5% in the three months to June 2017 compared with a year earlier, figures from the Office for National Statistics today have revealed.

Average weekly earnings increased by 2.1%, but with inflation standing at 2.6% real earnings still fell by 0.5%.

This is a direct consequence of the higher inflation we have seen since the EU referendum.

These are real costs, being experienced by real people, now.

We're not talking about hypothetical future damage to the UK economy, but real costs experienced by real people now.

Instead of the land of milk and honey promised by Brexiteers, we're seeing falling wages, higher prices and rising rail fares.

This reinforces the need to protect living standards and jobs by staying in the single market and customs union.