Under 30? Your wages have dropped by 10% under the Tories, says Leslie

Chris Leslie, shadow chief secretary to the Treasury, will today give a speech in which he will outline how young people, in particular those he calls ‘Generation rent’, are shouldering a “heavy burden” under the Tories.

He will explain that people under 30 have been “hit the hardest” by Government policy because since 2010 this demographic group have seen a real-term drop in weekly wages of 10%. The figures Leslie will reveal show that the hardest hit are 18-to 21-year-olds, whose earning have fallen by 10.3% since 2010. But things aren’t likely to improve once you turn 22; 22-to 29-year-olds have experience a drop in their weekly income by 9.4%.

Leslie will go on to say that in contrast to the Tories, Labour are offering up a clear multi-pronged plan aimed at enabling people in their 20s and 30s to achieve their full potential. This includes policies already announced such as a Jobs guarantee for those under 25, scrapping letting agents’ fees, a 10p starting rate of income tax and ending exploitative zero-hours contracts.

Leslie will also announced that Labour would established a  ‘UK Advisory Forum on the under 35s’ to “assess the impact of policy on Generation Rent and improve coordination and accountability.”

Policies created to support the “ambitions and aspirations” of young people are increasingly important because, as Leslie will explain “everyone benefits if this generation succeed”.