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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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