Earnings take dive in 5 years; pound NOTES.
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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|Publication:||Daily Post (Conwy, Wales)|
|Date:||Jan 14, 2013|
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