Figures released today by the Office of National Statistics (ONS) show that, whilst employment rates have increased, real wages have fallen.
The ONS stats describe how average weekly earnings for employees in Great Britain in real terms (that is, adjusted for price inflation) fell by 0.3% including bonuses, and fell by 0.4% excluding bonuses, when compared with a year earlier.
Commenting on today’s news, Ben Bradshaw MP, leading supporter of Open Britain, said:
“The good news of lower unemployment cannot hide the bad news for working people up and down the country – Brexit is continuing to depress real wages.
“Brexit uncertainty and the slump in sterling after the referendum is hitting families in the pocket. The Brexit squeeze is lightening pay packets and looks set to continue.
“It’s time for the Government to end the economic uncertainty, drop their damaging threat to wrench the UK out of the EU with no deal, and start negotiating for continued membership of both the Single Market and the Customs Union.”
Notes to editors:
The full ONS report can be found here.