If the UK kept pace with the OECD average annual pay since 2007, the typical UK worker’s pay packet would be worth £4,000 more todayBrits' pay slashed by £950 in decade of cuts - full list of 28 countries we lag behindBrits' pay packets have been slashed by £950 after a decade of Tory public sector pay cuts, a union reveals today. While most OECD countries have delivered significant pay growth to their workers since the financial crisis, real wages in the UK have fallen. Average annual pay growth in the UK has been -0.2% since 2007, and it is among just seven out of 33 OECD countries where real pay growth since 2007 is negative. Image: PA) PA)If the UK had kept pace with the OECD average since 2007, the typical UK worker’s pay packet would be worth £4,000 more today. “Now these years of weak pay growth have left millions of working families badly exposed to soaring bills and prices.

Source: Daily Mirror March 19, 2022 23:36 UTC