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.
Printed (hosted) by Prater Raines Ltd, 98 Sandgate High Street, Folkestone CT20 3BY
Published and promoted by East Devon Liberal Democrats, 26 West Hill, Budleigh Salterton, EX9 6BU
The views expressed are those of the publisher, not of the service provider.
Website designed and developed by Prater Raines Ltd, with modifications by East Devon Liberal Democrats