British workers' wages have suffered one of the sharpest falls in the European Union, House of Commons library figures have shown. The average hourly wage has fallen by 5.5% - more than the eurozone crisis-rocked Spain.
We are on the right track, the deficit is down by a third, over one and a quarter million new private sector jobs have been created, and interest rates are at near-record lows, benefitting families and businesses.
The Government has taken continued action to help families with the cost of living: raising the tax-free personal allowance to £10,000 taking 2.7 million people out of tax altogether; freezing fuel duty which has kept prices 13p per litre lower than they would otherwise have been; and freezing council tax.
The general secretary of the GMB union Paul Kenny has blamed the Government after figures released by the House of Commons showed British workers' wages have suffered one of the sharpest falls in the European Union.
Mr Kenny said: "The Government is directly responsible for this unprecedented fall in the real value of wages in the three years since the election.
"Employers paying low wages get taxpayer subsidies in the form of tax credits to assemble a workforce for them to make decent profit margins."
Britain is fourth for the sharpest fall in wages in Europe - only Greece, Portugal and the Netherlands have suffered larger declines.
House of Commons library figures show there has been a 5.5% reduction in average hourly wages since mid-2010. It means British workers have felt the squeeze more than those in countries which have been rocked by the eurozone crisis.
Meanwhile, Bulgaria had the biggest increase of hourly wages at 13.2%. Also, Germany saw a 2.7% rise.
The value of UK workers' wages has suffered one of the sharpest falls in the European Union, House of Commons library figures have shown.
The 5.5% reduction in average hourly wages since mid-2010, adjusted for inflation, means British workers have felt the squeeze more than those in countries which have been rocked by the eurozone crisis.
Only the Greeks, Portuguese and Dutch have had a steeper decline, the analysis showed, while in Germany hourly wages rose by 2.7% over the same period and in France there was a 0.4% increase.
Across the EU as a whole the average fall in wages, adjusted for the European Central Bank' s harmonised index of consumer prices, was -0.7% and in the eurozone area it was -0.1%.