'£2.3bn lost to Welsh economy'

The TUC says the Welsh economy has lost £2.3bn since 2007 through job losses and shrinking pay packets.

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Welsh pay packets down 8.1%

The TUC is launching its Britain Needs a Pay Rise campaign Credit: Dominic Lipinski/PA Wire

The Welsh pay packet has fallen by 8.1 % since the recession began in 2008, according to the TUC, with total pay across Wales falling by more than £2.3bn. The union has released figures on the Welsh economy to coincide with the launch of its Britain Needs a Pay Rise campaign.

The TUC says wages failing to keep pace with inflation, reduced working hours and the replacement of middle and relatively well-paid public sector jobs with lower paid jobs in the private sector, have contributed to the fall.

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