Wednesday 12 September 2007

British workers getting poorer

Average wages growth to July 2007 3.5%

RPI inflation to July 2007 3.8%

Update:

Simon Clark has asked whether the 3.5% is after adjusting for inflation. Methinks not. If you go to the ONS report and scroll down to the bottom, it says:

"In the year to July 2007 consumer prices increased by 1.9 per cent, which is below the rate of earnings growth"

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