The average worker is still £17 a week worse off than before the financial crisis – but bankers’ salaries have bucked the trend.
Average real pay in the financial sector has increased by 9.3 per cent – or £119 per week – since 2009, reaching a record average of £1405, a TUC study has found.
Meanwhile, nurses and teachers are among those hardest hit, finding themselves £36 a week worse off in real terms than in 2009.
TUC general secretary Frances O’Grady said: “It’s not right that pay is racing ahead in the City when most working people are still worse off than a decade ago.
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“The architects of the financial crisis are earning record amounts while teachers and nurses struggle to get by.
“Workers deserve a much fairer share of the wealth they create.”
She added: “Pay inequality helped drive the last financial crash. It can’t be left unaddressed.”
The handful of sectors that have seen real wage growth over the last decade include retail and hospitality, where workers benefited from increases in the minimum wage.
