Thursday, October 27, 2016

Wages down

Experts warn inflation caused by Brexit will keep real wages low. Wages for average UK workers are less than they were 12 years ago, even after taking inflation into account, official figures revealed. The gender pay gap also remains stubbornly high.

The median full-time worker is now paid £539 per week (£28,028 a year), less than the £555 per week they earned in 2004. Despite a 1.9 per cent salary increase this year, annual average earnigs are still around £1,600 less than their 2009 peak.

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