Monday, March 24, 2014

Fact of the Day

Wage inequality has soared across London and the south over the last 12 years as the cost of living continues to take its toll on the UK population, even in the prosperous south-east.

According to research by the Trades Union Congress (TUC), which analysed full-time earnings from the Annual Survey of Hours and Earnings (ASHE) between 2000 and 2013, the pay gap between the top 10% and the bottom 10% of earners in London rose by a staggering 14%. The organisation claimed that this is far higher than the national average pay gap rise of 5% over the same period. In the south-east, the gap between those on the 90th and 10th percentile of earnings has grown by 9% since 2000.

The research also revealed that the highest earners are in London where they receive £82,000 a year, followed by those in the south-east who are on £57,000 and the east of England where they earn about £52,000 per annum.

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