New research from recruitment experts Reed has revealed that despite the increase in interest rates, the cost of living and energy prices, salaries in the South West are not keeping up.
TUC South West regional secretary, Nigel Costley, said that there is another crisis that is not being talked about so much and that is the "pay crisis". He predicts that over the next few months the situation "is going to be awful" for those on the lowest pay.
From analysis of more than 9.35 million jobs posted on Reed.co.uk across the UK since 2018, advertised salaries are sitting at pre-pandemic levels, with any rise over the past two years dropping back down to 2020 levels. Salaries in the South West are no exception, as they lag behind soaring living costs, much like the UK average.
