UK real wages have fallen at a record rate
Earnings remain below their 2008 level after falling 3 per cent over the past eight months.
ByNew Times,
New Thinking.
Earnings remain below their 2008 level after falling 3 per cent over the past eight months.
ByAn extra £8.3bn will now be needed to maintain current public service spending levels.
ByThe cost-of-living crisis has led to a 20 per cent year-on-year rise in cash withdrawals.
ByPay growth at the top has reached 11 per cent while the bottom tenth of earners have seen their wages…
ByHousehold incomes are set to fall by 3.6 per cent in 2022 and 4.3 per cent in 2023.
ByRate rises will do little to control inflation but they will dramatically increase the threat of mass unemployment.
BySince January 2019 house prices have risen by 25.6 per cent – twice as fast as wages.
ByA proposal by Liz Truss would have further depressed public sector wages that have fallen in real terms since 2010.
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