UK workers suffer biggest wage drop in Europe
No wonder we feel so skint. We are skint. Brits are officially moth-eaten, pond dwelling losers, earning some of the lowest wages in the EU. Even Spain, which has been hit by severe austerity measures, is doing better than us.
House of Commons figures show that the UK's average hourly wage has dropped by 5.5% since 2010 - which puts us in the bottom four countries along with Portugal, the Netherlands and Greece. Conversely, in Germany and France, everyone is living it up with steins of beer and cheeky absinthes, with wages rising by 2.7% and 0.4% respectively.
With the recent news that British workers will have lost £6660 from their wages by the next election, things are looking grim. Shadow Treasury minister Cathy Jamieson said: These figures show the full scale of David Cameron's cost of living crisis. Working people are not only worse off under the Tories, we're also doing much worse than almost all other EU countries.Despite out of touch claims by ministers, life is getting harder for ordinary families as prices continue rising faster than wages.'
Why aren't we taking to the streets to protest? Well, we would, but we've got to don our tabards and put in another shift at Chicken Cottage.