Changes in real earnings in the UK and London, 2002 to 2012: ONS
- After three decades of strong growth, real wages peaked in 2009. Since then inflation has outstripped wage increases in cash terms.
- In real terms, the average earnings of UK employees in 2012 were at 2003 levels.
- Employees working in London earn more on average than UK employees and their average real earnings fell less rapidly from 2010 to 2012
Brian Dear 