Stat of the day: 90%

The percentage of the UK workforce which has seen its wages fall.

New figures from the GMB union rather confirm what many of us have already guessed: our wages are steadily dwindling. Thanks to rising inflation (currently 5.2%), pay packets have shrunk for a whopping 90% of workers in the UK.

The research suggests that professions ranging from hairdressing and sales to teaching and town planning have been affected. On average, the annual pay of full-time workers in 284 occupations fell by a fifth in the four years to September.

The union’s general secretary, Paul Kenny, criticised the Government’s economic strategy, saying Chancellor George Osborne had the ‘economic literacy of a stick of rhubarb’. Ouch.

Sign in to continue

Sign in

Trouble signing in?

Reset password: Click here


Call: 020 8267 8121



  • Up to 3 free articles every 90 days
  • Free email bulletins

Register Now

Take a free trial

Get 30 days unrestricted access to:

  • All the latest news, trends, and developments.
  • Exclusive interviews with CEOs and thought-leaders
  • MT Classroom - giving you an academic grounding without expensive courses
  • Management Matters and other in-depth content.
  • Daily bulletins straight to your inbox

Take a free trial today