Workers are £1,600 a year poorer because of state of economy, study finds
Press AssociationWorkers are on average £1,600 worse off each year than three years ago because the "dire" state of the economy has pushed down wages, according to a new study.
The TUC said losses would continue to mount in the coming years, predicting that real-terms wage losses will reach an average of £8,500.
The research, which tracks wage and inflation data between 2009 and 2012, as well as forecasts from the Office for Budget Responsibility from 2012 onwards, says that workers are just a quarter of the way through the UK's 12-year wage "dive".
Incomes have fallen sharply in real terms over the past three years as wages have failed to keep up with the rising cost of living, said the report.
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"Workers are £1,600 a year poorer because of state of economy, study finds", La Clé des Langues [en ligne], Lyon, ENS de LYON/DGESCO (ISSN 2107-7029), avril 2012. Consulté le 26/09/2023. URL: https://cle.ens-lyon.fr/anglais/archives/archives-revue-de-presse/workers-are-1-600-a-year-poorer-because-of-state-of-economy-study-finds