UK pay growth outlook is 'among gloomiest in advanced economies'

Only Greece, Italy and Austria are forecast to suffer bigger falls in real wages by end of 2018, analysis finds

The prospects for pay growth in the UK are among the gloomiest in advanced economies, with only Greece, Italy and Austria forecast to suffer bigger falls in real wages by the end of 2018, according to a TUC analysis.

The trades union group said UK real wages - pay adjusted for the effects of inflation - were on course to fall by 0.5% between the start of 2016 and the close of 2018, based on forecasts from the Organisation for Economic Co-operation and Development.