WAGE LEVELS AND THE TUC'S FAIR PAY FORTNIGHT CAMPAIGN

That this House notes that living standards have been under pressure since the recession of 2008-09 and despite the recent recovery in growth are not yet picking up, and that real wages for the average full-time worker have fallen by £2,800 since 2009; further notes that the reason for the squeeze, the longest since the 1870s, is weak wage growth; further notes that even on the more optimistic forecasts, real wages for those in the middle and below will not return to their 2008 levels until around 2020, and that whilst more people are now in work and unemployment is falling, too many of the new jobs are low paid, insecure and precarious; believes that a real, sustainable recovery which benefits ordinary people will require real wages to rise, and that this would not only relieve some of the strains on living standards but provide a solid underpinning for rising household spending and economic growth; and therefore strongly agrees with the TUC that Britain needs a pay rise, and supports the TUC's Fair Pay Fortnight campaign beginning on 24 March 2014.