Real wages HAVE been falling for the longest period in half a century
Date published: 02nd February 2014
The Office for National Statistics said low productivity growth within the economy was pushing wages down.
Real wage growth averaged 2.9 per cent in the 1970s and 1980s, 1.5 per cent in the 1990s, 1.2 per cent in the 2000s, but has fallen to minus 2.2 per cent since the first quarter of 2010, the ONS figures showed.
To continue reading click here
The official figures cast serious doubt on Government claims last week that real wages outpaced the cost of living last year thanks to rises in the personal tax allowance. Labour immediately criticised the claim accusing the Government of using ‘dodgy’ figures.