Thursday, Dec 12, 2013

Britain's workers slowly sliding down the pan

BBC: Earnings rise slower than inflation for fifth year running

"In the year ending April 2013, the ONS said pre-tax pay reached £27,000 a year, an increase of 2.1% over 2012. However, inflation over the same period, as measured by the Consumer Prices Index (CPI), was 2.4%". (I'm sure the Tory faithful are elated that house prices are continually going up. I just wonder how the buyers will pay back the borrowing ~ even assuming IRs stay low).

Posted by alan @ 10:32 PM (1680 views)
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1. sibley's b'stard child said...

It's the salary-less recovery.

Friday, December 13, 2013 12:12PM Report Comment

2. khards said...

I had just been looking at jobs in the UK, they are paying the same as 2006. Seems to be lots of demand out there for skilled workers and I think they are struggling to get people at the salaries advertised.

Friday, December 13, 2013 12:32PM Report Comment

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