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Workers in the UK have suffered the biggest fall in wages among the world's richest countries since the financial crisis, research has suggested.
Between 2007 and 2015 wages in the UK fell by 10.4%, a drop equalled only by Greece, the analysis by the TUC [Trades Union Congress] found.
Women's pay in particular needs to be boosted, the union body said. Women earn on average 19.2% less than men, according to the latest official data.
The Treasury said the TUC's analysis did not fully reflect living standards.
The UK is the joint biggest faller on pay in 29 countries of the Organisation for Economic Cooperation and Development (OECD) - a forum for wealthy countries who work together to promote financial growth and social wellbeing.
The UK, Greece and Portugal were the only three OECD countries that saw real wages fall, according to the research complied by the TUC.
Source: BBC News
(Score: 2) by bootsy on Thursday July 28 2016, @04:27PM
Italy and Spain have restrictions on the acquisition of land by foreigners in border areas. In Spain, EU
national are exempted from these restrictions, although in Italy, ownership and use of land in border
areas by EU nationals and other foreigners must be authorised by the local Prefect of Police.
Greece
also has special restrictions on the acquisition of land in border areas. EU nationals are subject to the
same restrictions and must obtain the same authorisation as Greek citizens. Other foreigners are
subject to a different regime.
There are often restrictions at local level as well. In the UK you don't have to any residence or connection with the country to own land or property either commerically or residentially.
Owning property in France is an interesting one as you are tied by French inheritance laws unless you come up with some clever legal paper work. Although you own the property you children inherit under French law and again there are local restrictions that can be put in place that convenient get around state level EU rules.
(Score: 0) by Anonymous Coward on Thursday July 28 2016, @08:19PM
Aaaannd, since UK is an island, has no border areas where restrict the acquisition of land by foreigners, ergo no law needed. Well played.