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British Workers See Biggest Fall in Wages

posted by martyb on Thursday July 28 2016, @08:12AM   
from the wages-getting-pounded dept.

n1 writes:

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

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Original Submission

• Re:£350,000,000 a week to Europe Re:£350,000,000 a week to Europe (Score: 5, Insightful) by n1 on Thursday July 28 2016, @10:03AM

  by n1 (993) on Thursday July 28 2016, @10:03AM (#381119) Journal

  £8.5bn contribution to the EU budget in 2015 by UK taxpayers.

  £10.8bn taxpayer bailout loss in value of RBS and Lloyds shares after the Brexit vote.*

  *subject to change, obviously

  Parent

  Starting Score:	1		point
  Moderation		+4
  Insightful=1, Interesting=1, Informative=1, Funny=1, Total=4
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• Re:£350,000,000 a week to Europe (Score: 0) by Anonymous Coward on Thursday July 28 2016, @02:02PM

  by Anonymous Coward on Thursday July 28 2016, @02:02PM (#381188)

  Those pounds are now worth 8% less also :)

  Parent