Sunday, 11 August 2013

Wage Drop

Wages in the UK have seen one of the largest falls in the European Union during the economic downturn, according to official figures. Hourly wages have fallen 5.5% since mid-2010, adjusted for inflation, which is the fourth-worst decline in the 27-nation bloc. By contrast, German hourly wages rose by 2.7% over the same period. Where does this leave the UK Economy?