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Union: Young bearing the brunt of UK 'jobs crisis'

Today's figures confirm our fears that economic stagnation has finally caught up with the jobs market.

Young people are bearing the brunt of our jobs crisis, with the number of unemployed youngsters up 48,000 and approaching a million again.

The news for those in work is not much better, with the gap between wages and the rising cost of living getting even wider.

We won't see a proper recovery in the jobs market until we get growth back into the economy. That's why the Chancellor must change course and prioritise jobs, growth and living standards in his Budget today.

– Frances O'Grady, TUC general secretary

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ONS: Real wages have been falling since 2009

The average earnings of UK workers have been falling in real terms for the last three years and are now at 2003 levels, a new article from the Office for National Statistics has shown.

After inflation has been factored in, wages have been shown to be falling since 2009 Credit: Chris Ison/PA Archive/Press Association Images

After three decades of strong growth, real wages peaked in 2009 at £12.25. Since then inflation has outstripped wage increases, leading to real wages of £11.92 in 2010 and £11.41 in 2011.

This means that real wages have dropped by almost 3% between 2010 and 2012.

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New figures show rising house prices in UK

House prices steadily rose last year in the UK.
House prices steadily rose last year in the UK. Credit: Chris Radburn/PA Wire/Press Association Images

House prices in the UK increased by 3.3% over a 12 month period up until December 2012, according to new figures released today by the Office for National Statistics.

The rise in property prices is up 2.2% from a 12 month window through to November last year.

House prices rose throughout most of the UK in 2012, but prices in Northern Ireland continued to fall.

The year-on-year housing price increase reflected growth of 3.4% in England, 2.4% in Wales and 3.1% in Scotland, which were offset by a decline of 5.7% in Northern Ireland.

Snapshot of UK life in spending habits survey

Britain's spending habits vary dramtically with Londoners splashing out the most for restaurants while Northern Ireland leads the way with alcohol.

The survey by the Office For National Statistics gives a snapshot of life across the UK by comparing average weekly household expenditure between 2009 and 2011.

HIGHEST EXPENDITURE

  • Food and non-alcoholic drink: London and Northern Ireland, £57.90
  • Alcoholic drink, tobacco: Northern Ireland, £16.50
  • Health: South East, £8.50
  • Transport: South East, £74.80
  • Restaurants & hotels: London, £53.30

LOWEST EXPENDITURE

  • Food and non-alcoholic drink: North East, £45.70
  • Alcoholic drink, tobacco: London, £10.10
  • Health: Wales, £3.10
  • Transport: North East, £50.10
  • Restaurants & hotels: Wales, £31.80
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