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Birmingham Post
Birmingham Post
Business
Charlotte Turner

Workers in the South West still £19 a week worse off than 11 years ago

Workers in the South West are still £19 a week worse off than 11 years ago, according to new TUC analysis.

The analysis of official figures shows that real wages are still 4.4% below their 2008 level. 

By contrast, weekly wages in South West grew by £90 (+25%) between 1997 and 2008.

The Trades Union Congress (TUC) says the last decade has been the worst period for wage growth in more than 200 years.

Not since the beginning of the 18th century has it taken so long for real wages to recover from a slump. 

Analysis published by the union federation in September revealed the impact of Britain’s “cost of living crisis”.

Unsecured household debt per household rose to £15,880 in the first quarter of 2019, up £1,160 on a year earlier. 

Over half of households now report having unsecured debt, most commonly in the form of credit card debt (60%), overdraft (28%), personal loans (25%) and car finance (25%). 

TUC Regional Secretary Nigel Costley said: “We need an economy that delivers for working families. But pay packets are still worth less than a decade ago.

“It’s not right that household debt is rising. And that kids in this region are growing up in poverty despite having parents in work.

“The government has failed to deal with Britain’s cost of living crisis.”

As a result, the TUC is calling for:

  • New rights so that workers can access the protection of a union in every workplace.
  • New rights for workers to bargain through their unions for fair pay and conditions across industries, ending the race to the bottom.
  • A £10 minimum wage as soon as possible
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