UK wages have fallen more than ever before in a five-year period, the Institute for Fiscal Studies has found. Those on medium and low incomes have had their living standards undermined during an economic crisis not of their making. The undermining of social security as well as workers’ rights are likely to continue to cause social and economic damage.
It is unfair that jobless benefits have risen far faster than salaries, claimed UK welfare secretary Iain Duncan Smith. But his efforts to justify a further onslaught on the living standards of unemployed people are unconvincing.