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Why professionals are worse off now than a decade ago

Economy

Executive Grapevine | Executive Grapevine International Ltd

Why professionals are worse off now than a decade ago

In August of 2019, the Office of National Statistics released data that evidenced a 3.9% rise in wage growth, whilst the estimated employment rate within the UK hit what the ONS states is the ‘best since comparative records began’ at 76.1% - this is the equivalent of around 32.81million people in employment.

However, new research conducted by the New Economics Foundation states that even after the hike in wage growth, Britons are in-fact £128 worse off per year than they were in 2008.

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Comments (1)

  • Boris
    Boris
    Mon, 7 Oct 2019 8:32am BST
    Finally! A study that actually tells the truth, something that most staff have been acutely aware of since the introduction of austerity. The government like showing off that unemployment is at an all time low, what they've consistently failed to discuss though is the level of uncertainty felt by most workers and the low pay. Especially for those of us who work in public services, who live in constant fear of further budgetary cuts and redundancies. I want to know what the government is doing to right these wrongs? The fact that they cannot seem to get Brexit through though does not inspire confidence.

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