UK real earnings down for first time since 2014Staff Writer | October 27, 2017
UK real wages fell for the first time in three years as inflation outpaced earnings, according to the Office of National Statistics (ONS).
Britain The Office of National Statistics:
This is the first fall in real wages since 2014 came as a result of high inflation in april 2017 (2.6%) as opposed to 0.7% in April 2016.
The report from the ONS showed that the lowest-paid workers saw the largest median rise in wages in 2017, with the lowest 10% of workers rising 3.6%.
In other statistics released by the organisation, the gender pay gap was measured to be at 9.1%, the smallest level seen since the survey began in 1997. ■