A new analysis by a political group has revealed that workers in a district in Oxfordshire have experienced a significant decline in real wages.

Banbury Labour claim to have discovered through an analysis that the average worker in Cherwell has suffered a reduction of £725.56 in real wages in the last 12 months.

Labour said it has a plan to tackle the cost-of-living crisis, which it claims will stabilise the foundations of the economy by providing emergency support for businesses.

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Additionally, it claims that the plan will provide security for the winter and beyond by acting immediately on insulation and nuclear and renewable energy.

Further, the party state that their plan will put in place a longer-term approach to economic growth and security.

Publishing the new analysis, Councillor Sean Woodcock, Labour’s group Leader of Cherwell District said: “The cost-of-living crisis is getting worse and worse, the conservatives are utterly failing to get a grip on falling living standards and we are all paying the price.

“Real wages in Cherwell are tumbling and every single one of us is feeling the pinch.

“Labour has a plan to tackle the cost-of-living crisis – we’d take real action to helps businesses, bring down energy bills and get the economy moving again.

“The Conservatives are so mired in scandal and busy fighting amongst themselves that they are failing to do what they were elected to do.”


Read more from this author

This story was written by Matthew Norman, he joined the team in 2022 as a Facebook community reporter.

Matthew covers Bicester and focuses on finding stories from diverse communities.

Get in touch with him by emailing: Matthew.norman@newsquest.co.uk

Follow him on Twitter: @OxMailMattN1

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