UK workers still £38 a week worse off than before the crash, says TUC

New figures published today (Thursday) by the Office for National Statistics (ONS) show that UK workers are still significantly worse off than they were before the financial crash.

The ONS figures show that for the year to April 2017 real wages in UK were £38 (7.9%) below their 2008 level.

Inflation has overtaken wage growth for the last 6 months, so the TUC is concerned that next year could be even worse.

TUC General Secretary Frances O’Grady said:

“Most families still haven’t recovered from the financial crash, yet their pay packets are now taking another hammering. It’s leaving millions of working people facing hardship and getting deeper into debt.

“Public sector workers have had it especially hard, with real pay cuts for seven long years. The Chancellor must use next month’s budget to give them the pay rise they’ve earned.

“He should also use the budget to help bring great jobs to every community, by investing in skills and infrastructure, like transport links and fast broadband. And he must help low-paid workers by raising the minimum wage to £10 an hour as soon as possible.”