New analysis from Mansfield Labour reveals the Tories’ utter failure to grow the economy and to level up Britain, with figures showing that in every region in Great Britain real wages are lower now than when the Tories came to power in 2010.
Wages in Mansfield constituency have fallen by £1,489, resulting in a 5% cut. Across the country as a whole, real wages are down by an average of 5%, leaving people £1,600 a year worse off than they were in 2010.
A crucial component of getting wages up and improving living standards is growing the economy, something that has stalled under the Tories.
If the economy had continued to grow at the same rate as it had been with the last Labour government, then there would be £30 billion more to spend on public services without having to raise a single tax.
Labour’s Craig Whitby, Deputy Mayor and cabinet member for finance, said:
“Working people in Mansfield have been utterly failed by the Conservatives. The cost of living crisis is set to get even worse in the weeks and months ahead, and these figures prove that thirteen years of Conservative economic failure has left us in a terrible position to weather the storm.
“The Tories total failure to build an economy that actually works in the interests of working people has left local people worse off than they were more than a decade ago.
“This government is out of touch and out of ideas. All they are offering families in Mansfield is more of the same failed approach – low growth, low wages, high tax and failing public services. But Labour has a plan – Labour will stabilise our economy, and we will get it growing with our Green Prosperity Plan and an active partnership with British businesses. That means new jobs and fresh opportunities for places like Mansfield.”
Notes to Editor