Wage growth is stuck in the slow lane, says TUC

By agency reporter
June 12, 2018

Today’s labour market statistics from the Office for National Statistics  (12 June 2018) show that nominal wage growth has slowed down to 2.8 per cent, while real wage growth has stayed static at 0.4 per cent. Commenting on the statistics, TUC General Secretary Frances O’Grady said: “Wage growth  is stuck in the slow lane. At this rate pay packets won’t recover to their pre-recession levels for years.

“We need to speed things up. Extending collective bargaining would boost living standards and help workers get a fairer share of the wealth they create.

"Ministers must allow unions the right to go into every workplace.”

Real wages increased by 27 per cent in the decade before the financial crisis (1998-2008). However, in the decade since (2008-18) they have fallen by four per cent.

* Download the ONS figures here

* Trades Union Congress https://www.tuc.org.uk/

[Ekk/6]

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