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Living Standards 'Plummeting' in Cornwall
7:03am 29th December 2011
It is claimed Cornish families are facing a big drop in living standards.
The GMB Union says wage increases are being cancelled out by soaring food and petrol bills.
It reckons real terms earnings for Duchy workers are down 9% in the last four years. In Plymouth the figure is around 4%.
Richard Ascough GMB Regional Secretary for the South West said, “These figures show that the Government’s strategy for an economic recovery is in tatters as living standards in the region drop by 8%. George Osborne has the economic literacy of a stick of rhubarb.
"Two thirds of the economy is consumer driven and Osborne must be the only person who does not get it. Squeezing wages, pay freezes and cutting jobs will not restart the economy. Using the IMF measures his cuts will reduce real private consumption by 4% and GDP by 3.4% over the next few years.
"I doubt if the electorate had any notion that a change of government would lead to a loss of 376,000 jobs across the UK and 54,000 in the South West, in the public sector, in the short time since the general election. When the ‘same old Tories’ were returned to power they brought with them the same old philosophy that “if it’s not hurting it’s not working.”"
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