Resolution Foundation analysis suggests UK also lagging behind similar economies such as Germany
Workers in the UK are £11,000 worse off a year after 15 years of “almost completely unprecedented” wage stagnation that signals a failure of recent economic policy, according to the Resolution Foundation.
The thinktank, which focuses on low-to-middle income households, compared wage inflation before the 2008 financial crash with the pace set since and found that the average worker was losing out by thousands of pounds a year.
Continue reading…Resolution Foundation analysis suggests UK also lagging behind similar economies such as GermanyWorkers in the UK are £11,000 worse off a year after 15 years of “almost completely unprecedented” wage stagnation that signals a failure of recent economic policy, according to the Resolution Foundation.The thinktank, which focuses on low-to-middle income households, compared wage inflation before the 2008 financial crash with the pace set since and found that the average worker was losing out by thousands of pounds a year. Continue reading…