Wales TUC – workers in Llandudno are set to be almost £450 a year worse off this year than in 2021

• New Wales TUC analysis shows workers in Llandudno are set to be almost £450 a year worse off in 2022 – in real terms – than last year
• Years of weak wage growth has left families “badly exposed” to cost-of-living crisis, says Wales TUC
• Analysis published as Wales TUC brings together union leaders and workers in Llandudno today (Wednesday) ahead of a national demonstration to demand better for working people
• TUC General Secretary Frances O’Grady will deliver a speech on the cost-of-living crisis and call on government to respond urgently to the crisis facing workers

Pay packets in Llandudno are set to be worth almost £450 a year less this year – in real terms, that is once inflation has been taken into consideration – than in 2021, according to new Wales TUC analysis.

The analysis of official data shows that average real wages will fall by around £445 a year compared to 2021.

The stark findings are published as Wales TUC brings together union leaders and workers in Llandudno today (Wednesday) ahead of a national demonstration to demand better for working people.

The analysis shows the median salary in Llandudno in 2021 was £22,716. Wales TUC analysis, based on Office for Budget Responsibility forecasts, shows the value of wages in Llandudno will fall by around £445 as inflation outstrips the increase in wages.

Wales TUC says years of stagnating pay have left workers “badly exposed” to Britain’s cost of living crisis.

The union body says that without additional help from UK government, families will be pushed to breaking point this year.

Wales TUC is calling for UK government to take urgent action to raise wages and protect families from spiralling energy bills.

Urgent action

Wales TUC says UK government ministers must do far more to give families long-term financial security.

The union body is calling on the chancellor to announce an emergency budget to help workers cope with the rising cost of living.

Wales TUC says UK government ministers must:

Raise wages by:

• Working with unions and employers on sector-wide fair pay agreements;
• Raising the minimum wage to at least £10 an hour now;
• Boosting key worker pay in the public sector to at least meet the cost of living.

Reduce household costs by:

• Introducing a windfall tax on energy companies and using the funds to provide struggling households with energy grants;
• Rolling out a rapid programme of home insulation;
• Boosting universal credit and sick pay.

TUC General Secretary Frances O’ Grady said:

“People shouldn’t be struggling to cover the basics.

“But pay packets in Llandudno have taken a rapid fall – in real terms – in just 12 months.

“And years of wage stagnation have left workers badly exposed to Britain’s cost of living crisis.

“Families are struggling to cope with soaring bills and prices.

“Things can’t go on like this. UK Government ministers must do far more to get pay rising, and to protect workers from skyrocketing household costs.

“That means sitting down with unions and employers to develop industry-wide fair pay agreements. And it means it means imposing a windfall tax on energy profits and using the money raised to give hard-pressed households energy grants – not loans.

“We’re marching on 18 June to demand better for all workers.”

Wales TUC General Secretary Shavanah Taj added:

“Families are under intolerable financial pressure with costs spiralling out of control.

“Britain needs a pay rise and urgent action from UK Government ministers to reduce the impact of sky-rocketing bills.”