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Average earnings in London 15.5% lower than in 2007 after inflation
Jack Peat - 5 February 2019
Average earnings in London are 15.5 per cent below the real value of earnings in 2007 after inflation, new research has revealed.
A study of official data by GMB has shown that in London, full-time workers’ mean gross annual pay in 2018 was just 84.5 per cent of what it was in 2007.
In 2007 the mean gross annual pay of full-time workers was £42,226. In 2018 that figure was £48,604, which when you factor in inflation at 36.17 per cent, saw a decrease in pay of 15.5 per cent... See more
