‘Developed nation’ Britain is bottom of wage rise table : Morning Star

SUBSTRATUMS

BRITAIN has dived to third from bottom place on the league table of wage in 34 developed nations, the TUC reveals today.

And real wages are predicted to fall further in Greece, Italy, Britain and Portugal between 2016 and 2018.

The TUC based its report on figures from the Organisation for Economic Co-operation and Development (OECD), which analyses economic information from 34 developed countries.

The fall in British wages is expected to be 0.5 per cent, meaning they would have fallen by 6.8 per cent between 2008 and 2018.

In all the other 28 OECD countries, wages are expected to continue rising.

In Poland they will have risen by 24.5 per cent between 2008 and 2018, with rises of 20.4 per cent in the Slovakia, 18.7 per cent in Sweden, 18.4 per cent in Latvia and 16 per cent in Norway.

TUC general secretary Frances O’Grady said: “British workers have…

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