Chris Leslie MP, Labour’s Shadow Chief Secretary to the Treasury, responding to the ILO Global Wage Report, said:

“This report exposes the scale of the cost-of-living crisis under David Cameron’s Government.

“Not only are working people worse off under the Tories, we’re also doing worse than all other G20 economies. On average working people are now £1600 a year worse off since 2010.

“As the Autumn Statement showed the continuing squeeze on living standards is leading to a shortfall in tax revenues. And this is a key reason why George Osborne has broken his promise to balance the books.

“Labour’s economic plan will ensure we can earn our way to rising living standards for all and get the deficit down in a fair way. Our plan will raise the minimum wage, expand free childcare for working parents, get more homes built and cut business rates for small firms.

“These figures show working people can’t afford five more years of the Tories.”