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TOPIC: Millions face another year of falling wages and growing poverty

Millions face another year of falling wages and growing poverty 27 Dec 2017 06:15 #5452

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The SNP has said the UK government must take meaningful action to boost household incomes in 2018 – as millions of families face another year of stagnant wages and squeezed living standards.

Chancellor Philip Hammond compared to Ebeneezer Scrooge as SNP call for an end to Tory cuts.
Posted by Steven Preece - 25/12/2017


SNP Social Justice Spokesperson Neil Gray warned many families are suffering from a “Dickensian Tory Christmas Carol” over the festive season – as households face a perfect storm of rising prices, falling wages, and cuts to social security, that are squeezing living standards and driving many families into poverty, debt and destitution.

Analysis of the UK Budget by the Resolution Foundation confirmed the UK faces the longest period of falling living standards since records began.

Real household disposable incomes are set to fall for an unprecedented 19 successive quarters between 2015 and 2020, while average earnings are not expected to return to 2007 levels until 2025.

The impact of stagnant wages has been compounded by a decade of Tory cuts to social security, which have slashed family incomes and pushed children into poverty.

Last month, a report by Child Poverty Action Group (CPAG) revealed working families with children have been hit hardest by Tory cuts, with losses reaching thousands of pounds a year, and cuts to Universal Credit threatening to push one million more children into poverty.

SNP Social Justice Spokesperson, Neil Gray MP, said: “Millions of families across the UK are suffering from a Tory pay cut – as rising prices, stagnant wages, and cuts to social security continue to squeeze living standards and push households into poverty, debt and destitution."

More Here;
www.welfareweekly.com/millions-face-another-year-of-falling-wages-and-growing-poverty/
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