UK workers £11,000 worse off after years of wage stagnation – thinktank

Commuters on their way to work in London. The average UK worker is losing out by thousands of pounds a year, says the Resolution Foundation. Photograph: Tejas Sandhu/Sopa Images/Rex/Shutterstock

Workers in the UK are £11,000 worse off a year after 15 years of “almost completely unprecedented” wage stagnation that signals a failure of recent economic policy, according to the Resolution Foundation.

The thinktank, which focuses on low- to middle-income households, compared wage inflation before the 2008 financial crash with the pace set since and found that the average worker was losing out by thousands of pounds a year.