Advertisement

  1. National

UK wages in sharp decline

British workers' wages have suffered one of the sharpest falls in the European Union, House of Commons library figures have shown. The average hourly wage has fallen by 5.5% - more than the eurozone crisis-rocked Spain.

View all 5 updates ›

Treasury: 'We appreciate times are tough for families'

The Treasury has defended its economic policies and says it appreciates times are tough for families.

It comes as a response to new figures suggesting a sharp fall in UK workers' wages.

We are on the right track, the deficit is down by a third, over one and a quarter million new private sector jobs have been created, and interest rates are at near-record lows, benefitting families and businesses.

The Government has taken continued action to help families with the cost of living: raising the tax-free personal allowance to £10,000 taking 2.7 million people out of tax altogether; freezing fuel duty which has kept prices 13p per litre lower than they would otherwise have been; and freezing council tax.

– A spokeswoman, The Treasury

More top news