Working 'are losing out' BUSINESS WIRE.
AVERAGE pay (median) in the North West is still worth PS2,468 less in real terms than it was in 2008 - a shortfall of PS47 a week - according to new analysis published by the TUC.
The figures confirm that, despite some strengthening of wages over 2014 to 2015, workers in the region still have a long way to go to restore all the earnings they lost following the longest squeeze on wages since records began in the 1850s.
The average North West annual wage increased in real terms by PS374 from 2014 to 2015 - the first annual increase for several years.
However, indications suggest that the wage recovery may already be stalling.