Tuesday, August 13, 2013

EU Debt Crisis: UK Wage Decline Among Worst in Europe

BBC News
August 11, 2013

Wages in the UK have seen one of the largest falls in the European Union during the economic downturn, according to official figures.

Figures from the House of Commons library show average 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.

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