THOUSANDS of low to middle income families in Neath will be even worse off in the future because of Government economic mismanagement, Peter Hain has warned.
"The Prime Minister and Chancellor are on the side of the millionaires, not Neath's many thousand 'strivers'," he said.
Mr Hain said the Resolution Foundation think-tank showed families worst hit by benefits cuts would not see their living standards return to pre-recession levels until 2023.
At the same time, the Office for Budget Responsibility, warned real earnings were set to continue falling until 2014.
Mr Hain said: "If the Government is on the side of the strivers, why is the Prime Minister giving millionaires a tax cut of £100,000 a year on the same day the punitive bedroom tax begins?
"Quite simply he is helping out the millionaires.
"While the strivers — the nurses, the police, the teachers, engineers and electricians — the people who work hard and play by the rules, are being clobbered by the cuts."