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WORKERS are set to lose over £800 a year by 2021 due to Tory economic policies, the TUC said yesterday.
Revised growth forecasts published by the Office for Budget Responsibility said weekly average earnings would grow to £502 by 2021. But when adjusted in line with methodology changes, this is £832 a year less than the OBR predicted at the spring Budget in March.
“The news for workers gets worse and worse,” TUC general secretary Frances O’Grady said. “Their wages are set to be worth hundreds of pounds less than the government thought in the coming years. This Budget won’t give Britain the pay rise it so badly needs.”
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