Socialist Worker

Recession hits real wages

Issue No. 2245

Curbs on wages and high inflation means that the average British worker takes home £1,088 less in real terms than two years ago.

Research by the Centre for Economics and Business Studies found that an average worker earned £20,149 at the start of this year. This is a real terms fall of 5 percent from what they earned in 2009.

Some groups have been particularly hard hit. For instance, construction workers have seen their take home pay fall by £1,188 in the same time.

Research has also found that 659,000 households struggle to pay their mortgages while 117,000 are in arrears.

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Tue 29 Mar 2011, 18:01 BST
Issue No. 2245
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