chubbs75 Posted August 11, 2013 Share Posted August 11, 2013 Wages: UK Workers In Europe's Bottom Four The average hourly wage has fallen by 5.5% since 2010 - even more than austerity-hit Spain, which has seen a 3.3% drop in the same period. Only three countries - Greece, Portugal and the Netherlands - have had a steeper decline in pay than the UK. In Germany, hourly wages rose by 2.7% over the same period and in France there was a 0.4% increase. Across the EU as a whole the average fall in wages, adjusted for the European Central Bank' s harmonised index of consumer prices, was -0.7% and in the eurozone area it was -0.1%. Shadow Treasury minister Cathy Jamieson said: "These figures show the full scale of David Cameron's cost of living crisis. Working people are not only worse off under the Tories, we're also doing much worse than almost all other EU countries. "Despite out of touch claims by ministers, life is getting harder for ordinary families as prices continue rising faster than wages. "People on middle and low incomes have also seen tax rises and cuts to tax credits, while millionaires have been given a huge tax cut." Labour has highlighted the rising cost of living in its attacks on the Government's economic policies. Workers will have lost £6,660 by the time of the next election and incomes will be £1,520 lower in real terms in 2015 than in 2010, according to Labour analysis of Office for Budget Responsibility forecasts. David Cameron's 35 consecutive months of falling real wages is worse than any other Prime Minister on record and spending power has dropped in every month but one under coalition rule as price rises outstrip wage increases. Apart from Mr Cameron, James Callaghan is the only Prime Minister on record to have overseen more than a year of constantly falling real wages, the party's analysis of Office for National Statistics figures showed. Related Stories: Labour: Workers '£6,000 Poorer' By 2015 Cost Of Living Soars As Wages Remain Static Link to comment Share on other sites More sharing options...
benthomas010 Posted August 11, 2013 Share Posted August 11, 2013 Mine have gone up 30% in that period - and I still feel as though I'm worse off than I was so I feel sorry for the buggers who haven't had any pay rise at all. Link to comment Share on other sites More sharing options...
chubbs75 Posted August 11, 2013 Author Share Posted August 11, 2013 Mine didn't go up in the last 6 years!! Link to comment Share on other sites More sharing options...
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