Skip to content
Thursday 3 September 2026London --:--Frankfurt --:--Zurich --:--
NewslettersSearchEN · DE · FR
MorningWire

European business, markets and politics

FTSE 100
10,831.52
+0.70%
DAX
26,003.32
+0.63%
CAC 40
8,286.40
+0.07%
STOXX 50
6,382.59
+0.32%
  • Europe
  • Markets
  • Business
  • Economy
  • Regulation
  • Politics
  • Opinion
More
GermanyFranceEU InstitutionsCompetitionPublic AffairsBankingTechnologyEnergy
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Economy
  • Regulation
  • Politics
  • Opinion
  • DE
Friday 29 July 2016 9:47 am

This one chart shows how bad real wage growth in the UK really is

By: Emma Haslett

Add as a preferred source on Google

Since the downturn wage growth in the UK has been sluggish, to say the least.

But now figures put together for Morning Wire by Statista using figures from the TUC has shown quite how disappointing growth has been: between 2007 and 2015, wages have fallen 10.4 per cent in real terms. The only OECD country experiencing a similar fall is Greece. 


.

The figures also showed that over the same period, wages in Poland rose 23 per cent – while across the whole of the OECD, the average rise was 6.7 per cent. 

It's bad news for the government, which last month was able to boast the lowest unemployment rate in 11 years, while wages rose 2.3 per cent in the year to June when you strip out bonuses. 

But the TUC has complained vociferously that it's not enough. 

“Wages fell off the cliff after the financial crisis, and have barely begun to recover," TUC boss Frances O'Grady has said. 

"The majority of UK households have endured a ‘lost decade of income’. “People cannot afford another hit to their pay packets. Working people must not foot the bill for a Brexit downturn in the way they did for the bankers’ crash." Stern stuff. 

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • Markets & Economics
  • News

Categories

  • Business
  • Economics

Trending Articles

  • Vodafone and Deliveroo look to patch up Reform ties after Yusuf prison threats

  • Victoria Beckham owed £350,000 by Harvey Nichols

  • Trio of firms poised to quit London Stock Exchange as exodus gathers pace

  • Jim O’Neill: Capital gains tax hike ‘looms’ as top option for Burnham

  • Easyjet’s over-60s recruitment push is economically necessary

More from Morning Wire

  • Public sector makes wage growth higher than expected

    Economics
    London has defied national trends as job postings in the capital rose.
  • How patient can the Bank of England be?

    AD
    Historic Royal Exchange building in London with modern skyscrapers behind, clear blue sky.
  • Bingo giant takes hit from rising employment costs 

    Leisure
    Buzz Bingo hall with players, a large screen displaying WINNER and FULL HOUSE for ticket 506710
  • Exclusive: Rugby League monitoring Henry Pollock amid £1m Hearn wage demands

    Sport Business
    A young man with blonde hair and a dark shirt, clenching his fist and smiling, likely celebrating or cheering.
  • Sorry Hearn, Northampton Saints idiots if they pay Pollock £1m

    Sport Business
    GettyImages 2282147422
  • House prices remain sluggish in ‘subdued’ property market 

    Property
    Real estate signs: a yellow SOLD sign and a blurred green FOR SALE sign, indicating house prices and market activity.
  • The answer to regional inequality isn’t public money, it’s productivity

    Opinion
    Two men setting up a black banner with 10 NORTH in white text on a grey patterned carpet.
  • ‘We’d love an apprentice – but the government has made it too expensive’

    Economics
    Technician in blue shirt operating a large metal lathe machine, industrial manufacturing process
MorningWire

Independent European business, markets and political news for decision-makers.

Morning Briefing

Europe

  • Germany
  • France
  • EU Institutions
  • Europe

Business

  • Markets
  • Business
  • Economy
  • Regulation
  • Competition
  • Public Affairs

Editorial

  • Opinion
  • Editorial Policy
  • Corrections
  • Contact

Company

  • About Morning Wire
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
© 2026 Morning Wire Ltd · Published by Morning Wire Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
Privacy · Terms · Cookies · Facebook