Real wages fall set to continue in 2014

Wages in the UK are set to continue to fall in real terms in 2014, according to research.

The disappointing prediction for London’s workers comes after a year of below-inflation wage rises in 2013.

The study, by pay specialists XpertHR, found one in eight people have had their wages frozen, while the average overall was a rise of 1%.

Sheila Attwood of XpertHR said: “The 2% benchmark pay award during 2013 is lower than employers had predicted, but reflects the fragile economic recovery.

“Employees will be hoping that they receive the predicted 2.5% pay award for the coming year.”

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