£88.28 worse off a month – new analysis reveals workers in Stratford-on-Avon have taken a hammering in 2022
New analysis from Stratford Labour, based on research by the TUC, reveals that wages of the average worker in Stratford-on-Avon has dropped by a staggering £88.28 a month – £1,059.33 a year – in real terms over 2022. This is the biggest wage squeeze in almost half a century.
This year, workers in Stratford-on-Avon have seen:
- Inflation hit 11%
- Taxes hit their highest level in 70 years
- NHS waiting lists hit record highs – over 7 million across the country are now waiting for care
Publishing the data, Stratford Labour’s Cat Price said,
“This has been a dismal year for working people in Stratford-on-Avon. Wages are down, inflation is soaring, taxes are higher than at any point since the second world war, yet our public services are on the verge of collapse.
“After 12 years of Conservative rules our country is in a mess, and hardworking people are ending the year struggling to heat their homes. But Labour has a plan to get Britain going again built around a Green Prosperity Plan to bring down bills, boost growth and create a million jobs to help places like Stratford win the high skilled high paid roles of the future.
“This is a great country, being held back by a failing Tory government. But there is a cure – a Labour government, and that’s what Stratford Labour will be fighting to deliver through 2023.”
ENDS
Notes to Editors
Average earnings can be found here
TUC analysis can be found here
https://www.tuc.org.uk/news/2022-worst-year-real-wage-growth-nearly-half-century
Local impact can be found in spreadsheet attached.
In 2022:
- Inflation hit 11% https://www.bankofengland.co.uk/knowledgebank/will-inflation-in-the-uk-keep-rising
- Taxes hit their highest level in 70 years https://www.telegraph.co.uk/business/2022/08/01/tax-burden-sunak-remain-70-year-high-even-promised-income/#:~:text=Tech-,Tax%20burden%20under%20Sunak%20to%20remain%20at%2070%2Dyear%20high,his%20promised%20income%20tax%20cut&text=The%20tax%20burden%20will%20remain,fiscal%20think%20tank%20has%20said.
- NHS waiting lists hit record highs – over 7 million are now waiting for care https://www.thetimes.co.uk/article/record-seven-million-patients-on-nhs-waiting-list-in-england-t8d0lsgks?gclid=CjwKCAiAheacBhB8EiwAItVO2_v52gAaNgfiMfCVjy4DUMX2auT01-u_AQ7XdR7OnrLWmupWmakBIxoCso0QAvD_BwE
Labour’s Green Prosperity Plan will make Britain a green growth superpower. The plan will create one million new jobs in towns and cities in every corner of the country and allow Britain to lead the world in renewable energy, electric vehicles and hydrogen power.