UK Wages Grow At Record Rate - But Workers Suffered 15 Year Stagnation
Pay is still £230 per week lower than if growth had continued at the pre-financial crisis trend.
Source: huffingtonpost.co.uk
Stay updated with breaking news from Nye Cominetti. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Pay is still £230 per week lower than if growth had continued at the pre-financial crisis trend.
Will bills start being sensible again?
Markets price in further interest rate rise after data shows private sector pay rose 8.2% in three months to June
The good news of today doesn’t make up for 15 years of unprecedented wage stagnation.
A real-terms fall in pay has fuelled many of the strikes, the Resolution Foundation said.