British wages this year showed the largest decline in 45 years

The real income of Britons this year fell at the fastest rate in 45 years, Prime news agency, citing the British Congress of Trade Unions. As the organization notes in its analysis, the premise was the rapid rise in the cost of living in the country. According to official statistics, the level of real wages in Britain in 2022 decreased by 3%, which is not only the highest rate since 1977, but also the second worst result since 1945.

Record inflation this year has cost workers in the commercial sector about £76 a month and civil servants about £180 a month, Congress notes. In the medical industry, wage cuts this year have amounted to £1,800 to £2,400, and over the past 12 years, £5,000 to £6,000.

According to the Bank of England, Britain is currently in recession, which, according to its forecasts, will last until the second half of 2024.