UK set for worst wage growth since the 1920s, Labour research finds

Owen Smith, the shadow work and pensions secretary, condemned a ‘Tory decade of low pay’ [Image: Matthew Horwood/Getty].

This Writer has had a few differences with Owen Smith, most particularly over the Work Capability Assessment, in the run-up to the general election last year, but he is to be congratulated now – simply for doing his job.

While much of the media seem to be speculating on an alleged shadow cabinet reshuffle, Mr Smith is carrying out the duty of an Opposition party and calling the Conservative Government to account for its failings.

Let’s all make sure the word gets out, shall we?

The 10 years between 2010 and 2020 are set to be the worst decade for pay growth in almost a century, and the third worst since the 1860s, according to new research.

Research from the House of Commons Library shows that real-terms wage growth is forecast by the Office for Budget Responsibility to average at just 6.2% in this decade, compared with 12.7% between 2000 and 2010.

The figures show that real-terms wage growth was lower only in the decades between 1920 and 1930 and between 1900 and 1910. Wage growth averaged at 1.5% in the 1920s and at 1.8% in the 1900s.

Owen Smith, shadow work and pensions secretary, who commissioned the research, said that a “Tory decade of low pay” would see “workers’ pay packets squeezed to breaking point”.

Source: UK set for worst wage growth since the 1920s, Labour research finds | Politics | The Guardian

Join the Vox Political Facebook page.

If you have appreciated this article, don’t forget to share it using the buttons at the bottom of this page. Politics is about everybody – so let’s try to get everybody involved!

Vox Political needs your help!
If you want to support this site
but don’t want to give your money to advertisers)
you can make a one-off donation here:

Donate Button with Credit Cards

Buy Vox Political books so we can continue
fighting for the facts.

Health Warning: Government! is now available
in either print or eBook format here:

HWG PrintHWG eBook

The first collection, Strong Words and Hard Times,
is still available in either print or eBook format here:


3 thoughts on “UK set for worst wage growth since the 1920s, Labour research finds

  1. amnesiaclinic

    Not just the workers getting a raw deal under the tories.
    Because forcing millions into using expensive credit cards for everyday living expenses makes trillions for the bankers.
    Giving a decent wage doesn’t.
    Debt slavery.

  2. John Gaines

    As the “sharing economy” rapidly transforms into the “share-the-crumbs economy,” multi-billion Pound City crooks are profiting from free taxpayers money (free money) and legal loopholes while full-time, living-wage jobs disappear at an alarming rate. The ugly details are muted by the so called misinformation media as, once again, the peasants enrich the so called Elite.

    HSBC leave UK?, not in a thousand years, you could n0t bomb this City crap away from the taxpayers money trough.

Comments are closed.