© Global Look Press
British suffered the biggest wage slump of all Organisation for Economic Co-operation and Development (OECD) countries except for Greece in the past year.
According to a London School of Economics (LSE) paper,
Brits were the worst off when it came to their real wages, with pay falling by more than five percent between 2007 and 2015.
Researchers for the prestigious British university also found that all types of British earners, with the exception of pensioners and minimum wage workers, were no better off today than they were in 2008.
The only economy performing worse than Britain was austerity-ravaged Greece, which saw its salaries drop more than 10 percent in the same period.
Annual pay raises in the UK continue to stay below the pre-financial crash rate of around four percent. The Office for National Statistics (ONS) placed current annual salary growth at just below 2.5 percent.
British real wages saw a mild improvement in the last two years, as inflation fell. But with consumer prices on the rise due to a
slumping pound and Brexit-fearful markets, the average British salary is now slipping once more.
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