Workers still suffering from longest pay squeeze in 200 years, says TUC

By agency reporter
January 22, 2019

Commenting on the latest labour market statistics from the Office for National Statistics – which show pay growing at 3.3 per cent, the same as last month – theTrades Union Congress (TUC) General Secretary, Frances O’Grady, said: “This modest rise in wage growth will do little to help workers still feeling the effects of the longest pay squeeze in 200 years.  

“We need a far more ambitious plan that supports jobs and wages. That means the government putting the minimum wage up to £10 as quickly as possible – and giving unions the freedom to enter every workplace to negotiate fair pay rises.” 

Economic forecasts published by the Office for Budget Responsibility on 29 October 2018 show that UK wages are not expected to return to their pre-financial crisis peak until at least 2024. This would mean UK workers waiting a total of 16 years from the financial crisis in 2008 until their pay is fully recovered – the longest wage slump in 200 years

* Read Overview of the October 2018 Economic and fiscal outlook here

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

[Ekk/6]

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