Friday, December 29, 2017

Conservative pursuit of hard Brexit and lack of investment to blame for TUC's dire real wage forecast

Analysis of OECD data by the TUC has found that the UK will have the worst real wage performance of any advanced economy next year.

Responding, Liberal Democrat leader Vince Cable said: 

"This is a very good analysis by the TUC. The Conservative pursuit of a hard Brexit is a big part of this, leading to a sustained level of inflation that is eating into wages. This means it is increasingly difficult for families to make ends meet.

"Another reason is a productivity problem that cannot be solved when there is such subdued government investment. According to the analysis, we will be one of the few developed economies to suffer a real wage decrease in 2018. The Conservatives' mismanagement is putting us in the economic relegation zone." 

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