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UK real earnings down for first time since 2014

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Staff 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).
UK real earnings
Britain   The Office of National Statistics:
In a report released by the ONS, it was revealed that weekly earnings for UK workers were up 2.2% to £550 in the year to April 2017, but adjusted for inflation that figure actually declined 0.4% compared with last year.

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.


 

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