British workers ‘£11,000 worse off a year’ as wages fail to keep up with costs

Resolution Foundation says typical UK household income has fallen further behind Germany, with the gap at £4,000

Britons are £11,000 worse off per year due to 15 years of stalling wages which have failed to keep pace with rising prices, a leading think tank has warned.

The Resolution Foundation (RF) calculated that, had wages continued to grow at the pace seen before the 2008 financial crash, the average worker would make £11,000 more per year than they do now.

It also found that the typical household income has fallen even further behind those in Germany. The gap is now £4,000 - up from £500 in 2008.