Professional Services

Wages unlikely to recover to pre-crash levels until 2024 – TUC

Trades Union Congress general secretary Frances O'Grady said British workers may not see their pay recover to pre-crisis levels for a decade. Official data indicates that wages are now outpacing inflation for the first time in six years, but the TUC has warned that workers will have to wait until 2024 before they are able to make up lost ground. TUC research published today will show the real value of the average full-time employee wage fell by £487 in 2014 and has declined by £2,509 since 2010. This equates to a fall of around £50 a week.

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