Haldane examines ‘puzzling pattern’ of weak wage growth

Andrew Haldane
Andy Haldane
Bank of England

Cyclical factors, structural changes and evolving power dynamics appear to explain the UK’s “lost decade” for pay, Bank of England chief economist Andy Haldane said today (October 10).

Since 2008, average weekly wages have risen about 2% per year, but inflation has averaged 2.2% a year, meaning real wages have fallen about 3.7% over the decade, Haldane told a conference in London.

Though the trend looks remarkably poor by historical standards, the underlying causes may not be that surprising,

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: