Real wages in Milton Keynes collapsing by over £1,200 in just one year - new analysis

New figures from the ONS reveal that real wages (excluding bonuses) are falling at their fastest rate in more than a decade - 3.7% in just one year.

New analysis published by MK Labour reveals that the average worker in Milton Keynes has suffered a reduction of £1,266.07 in the last 12 months.

As a result, Labour has a plan to tackle the cost of living crisis which will:

  • Cut VAT on home energy bills

  • Reduce energy bills by insulating 19 million homes

  • Cut small business rates

  • Buy, make and sell more in Britain

Publishing the new analysis, Labour’s Cllr Rob Middleton, Cabinet Member for Resources, said:

“This Conservative Government has downed tools while the rest of us face the worst cost of living crisis in generations.

“Wages are collapsing in Milton Keynes and we are all feeling the pinch – yet this zombie government is nowhere to be seen. Locally, we are doing all we can to support families during this tough time. Milton Keynes residents pay the lowest council tax in the region, and we are providing over £18m in direct cost-of-living support. It is despicable that the Conservatives aren’t doing enough to support people, and that is why we need a Labour Government. Nationally, Labour would cut VAT on energy, insulate homes to lower bills, cut small business rates and buy make and sell more in Britain.

“This Government is stale, failing and out of ideas, and the Conservatives are too busy fighting amongst themselves to act. It’s time for a fresh start with a Labour government.”