UK ranks joint worst for 'real' wages since crisis

Pay rates fall more than ten per cent in eight years, says TUC, putting workers on a par with Greece

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Frances O'Grady, the general secretary of the TUC
(Image credit: Ian Forsyth/Getty Images)

UK workers have endured the joint-worst hit to real incomes since the financial crisis compared to all other advanced nations, a drop in pay that's matched only by thrice-bailed out Greece.

According to analysis published today by trade-union umbrella group the TUC, UK pay rates fell by 10.4 per cent between 2007 and 2015 after the effects of inflation were taken into account. That's the same rate of decline as Greece.

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