Wages in the UK have seen one of the largest falls in the European Union during the economic downturn, according to official figures.
The figures, which were requested by the Labour Party and collated by the House of Commons library, show average hourly wages have fallen 5.5% since mid-2010, adjusted for inflation.
That is the fourth-worst decline among the 27 EU nations .
By contrast, German hourly wages rose by 2.7% over the same period.
Across the European Union as a whole, average wages fell 0.7%.
Only Greek, Portuguese and Dutch workers have had a steeper decline in hourly wages, the figures showed.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.