Employees in small businesses earned less than previously thought between 2010 and 2015 – Rebecca Long-Bailey

Employees in small businesses earned less than previously
thought between 2010 and 2015

 Analysis of government figures shows:

·        
Methodological revisions to the Average Weekly Earnings of
employees in small businesses shows a downgrade in level of earnings between
2010 and 2015

·        
The Government’s mishandling of the economy and mistreatment of
small businesses has resulted in pay for employees being less than thought

·        
Between 2010 and 2015, the average revision downwards in the
level of weekly earnings was 1.7 percent. This amounts to more than £2,000 over
that period less than previously thought,.

Rebecca Long-Bailey MP, Labour’s Shadow Secretary for Business,
Energy and Industrial Strategy, said:

“The latest revision to the
methodology for calculating earnings for employees in small businesses shows
that the level of earnings was less than previously thought during the period
2010 to 2015.

“Added up, between July 2010 to
December 2015, earnings for the average employee in a small business were in
fact over £2,000 less than previously thought.  This is a further
indictment of the Conservative’s already terrible record of protecting the
living standards of people in this country and their failure to recognise the
experiences and requirements of small businesses.”