UK incomes fall 3.5% in real terms, ONS reveals
23-11-2011, 12:00
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#1
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UK incomes fall 3.5% in real terms, ONS reveals
http://www.guardian.co.uk/money/2011...-earnings-fall
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UK households are facing pay cuts in real terms of more than 3.5% as salary increases fail to keep pace with inflation, official figures reveal.
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Progress in closing the gender pay gap has also slowed, with women in full-time employment earning on average £5,409 less than men – the gap narrowed by £179 in 2010 compared with £558 in 2009.
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The headline figures also masked sizeable falls in pay for some of the UK's lowest-earning professions – and sizeable salary boosts for senior managers and directors.
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Directors and chief executives of major organisations enjoyed the most sizeable pay rises, with median earnings up 15% to £112,157, in part a result of trends shifting earnings to basic pay and away from bonuses.
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23-11-2011, 12:45
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#2
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Cable Forum Team
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Re: UK incomes fall 3.5% in real terms, ONS reveals
That would be that major recession thingy, wouldn't it? 
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23-11-2011, 15:16
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#3
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cf.member [Oldham Branch]
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Re: UK incomes fall 3.5% in real terms, ONS reveals
Quote:
Originally Posted by Hugh
That would be that major recession thingy, wouldn't it? |
I think it is now starting to be referred to as the “Terminal Decline”. 
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23-11-2011, 16:19
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#4
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Re: UK incomes fall 3.5% in real terms, ONS reveals
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Originally Posted by slowcoach
I think it is now starting to be referred to as the “Terminal Decline”. |
Yes the one thats probably going to last for another 10 years.
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23-11-2011, 16:26
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#5
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Re: UK incomes fall 3.5% in real terms, ONS reveals
We're all in this together.
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23-11-2011, 16:28
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#6
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Re: UK incomes fall 3.5% in real terms, ONS reveals
Yes thats what David tell us.
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23-11-2011, 18:29
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#7
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Re: UK incomes fall 3.5% in real terms, ONS reveals
Never mind, delinking the meagre pittance of disability pay from inflation and other state benefits will certainly save Britains more than ailing near insolvent economy.
We may be in it togther but its the bottom of the pile who will inevitably feel it most and not just financially yet those at the top will do everything to ensure they remain more than comfortable whilst they laugh at how easy it was to set the employed class upon the ill and infirm.
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23-11-2011, 18:34
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Re: UK incomes fall 3.5% in real terms, ONS reveals
Quote:
Originally Posted by NitroNutter
Never mind, delinking the meagre pittance of disability pay from inflation and other state benefits will certainly save Britains more than ailing near insolvent economy.
We may be in it togther but its the bottom of the pile who will inevitably feel it most and not just financially yet those at the top will do everything to ensure they remain more than comfortable whilst they laugh at how easy it was to set the employed class upon the ill and infirm. |
That's about the strength of it.
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23-11-2011, 20:19
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#9
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Re: UK incomes fall 3.5% in real terms, ONS reveals
Only 3.5% ,i'm damn sure my wages have gone down more than that ,if i could be bothered to work it out and depress myself i bet it's closer to 5-6% .Wages failing to keep up with inflation doesn't take into account the fact that quite a few peoples wages have been reduced before inflation takes it's toll
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