IFS: UK wages have not recovered to pre-crisis levels
by Julia Kollewe from Economics | The Guardian on (#3YM7D)
Annual earnings more than 3% lower than in 2008 with millenials worst hit
The financial crisis has had a lasting impact on the UK economy and people's incomes, with annual wages still 760 lower than they were a decade ago , according to the Institute for Fiscal Studies.
The institute's analysis shows median annual earnings fell to 23,327 last year, 3.2% lower than in 2008 when the average wage was 24,088.
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