UK real earnings down for first time since 2014
In a report released by the ONS, it was revealed that weekly earnings for UK workers were up 2.2% to £550 in the year to April 2017, but adjusted for inflation that figure actually declined 0.4% compared with last year.
This is the first fall in real wages since 2014 came as a result of high inflation in april 2017 (2.6%) as opposed to 0.7% in April 2016.
The report from the ONS showed that the lowest-paid workers saw the largest median rise in wages in 2017, with the lowest 10% of workers rising 3.6%.
In other statistics released by the organisation, the gender pay gap was measured to be at 9.1%, the smallest level seen since the survey began in 1997. ■