Workers suffering longest pay squeeze in 200 years, as ONS figures show slow wage growth
WORKERS are continuing to suffer the longest pay squeeze in more than 200 years after figures showed today that Britain’s wage growth has declined again.
Regular wage growth, excluding bonuses, has fallen back once again to 6 per cent in the three months to February from 6.1 per cent in the previous quarter, according to the latest figures by the Office for National Statistics.
When taking the Consumer Prices Index (CPI) into account, real regular wages rose by 2.1 per cent due to falling inflation, but according to the TUC, if pay had grown at the pre-financial crisis rate, the average worker would be earning £14,700 more a year.
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