Mark Carney, Governor of the Bank of England, this afternoon (Wednesday) told the Commons Treasury Committee that real wages would end the year 5% below pre-referendum forecasts.
Commenting, Chuka Umunna MP, a leading supporter of the Open Britain campaign, said:
“The governor of the Bank of England has this afternoon confirmed what this morning’s labour market statistics suggested – that the Brexit squeeze on wages is going on and on and on.
“Nobody voted in the referendum to make themselves worse off and as the evidence of how Brexit is squeezing family incomes mounts, we all have a right to ask if Brexit is right for our country.”
Notes to editors
ONS’s statistics can be accessed here: https://www.ons.gov.uk/employmentandlabourmarket/peopleinwork/employmentandemployeetypes/bulletins/uklabourmarket/latest