Real wages down across sectors

Pay growth remained below inflation in both the commercial and government sectors last month, a survey revealed today. Pay in December increased by just 1.1 per cent in both sectors, combined to the same time in 2009, according to the VocaLink index. “Eleven months of elevated inflation and another VAT hike, combined with a sharp drop-off in take home pay growth, is bad news for UK households,” said Vocalink boss Marion King.