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Earnings take dive in 5 years; pound NOTES.

BRITISH workers have seen the actual value of their earnings fall by an average of 12.8% between 2008 and 2012.

According to new data from the Annual Survey of Hours and Earnings (ASHE), the mean gross annual earnings for full-time employees in the UK was PS26,137 in April 2008, compared with PS26,664 in November 2012.

While this represents an increase of 2%, inflation has risen by 14.8% over the same time frame.

Every region in the UK recorded a drop in the real value of earnings, but the fall was most pronounced in London, where real earnings had decreased by 17.4% by November 2012.

The North East recorded the smallest drop, of -7.9%.
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Title Annotation:Business
Publication:Daily Post (Conwy, Wales)
Geographic Code:4EUUK
Date:Jan 14, 2013
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