Workers £11,000 worse off a year due to stagnant wages – Resolution Foundation
Research shared exclusively with BBC Panorama by the Resolution Foundation think tank, which focuses on low-to-middle income households, reveals that British workers have suffered from 15 years of wage stagnation, leaving them ÂŁ11,000 worse off per year.
The think tank also found that typical UK household incomes have fallen further behind those in Germany, with a gap of ÂŁ4,000 compared to just over ÂŁ500 in 2008.
The Treasury argues that the UK economy is more resilient than many predicted, however, experts argue that problems with incomes go much further back.
If wages had continued to grow as they were before the financial crash of 2008, the average worker would make ÂŁ11,000 more per year than they do now, taking rising prices into account.
Ipsos polling of over 6,000 adults also suggests that two-thirds of them think the economy is going to get worse in the coming year.
