Wage Inequality Could See Increased Numbers Seeking Debt Advice

A recent report published by the Fair Pay Network (FPN), reveals a significant wage inequality in the UK labour market. The report, supported by the Trade Unions Council (TUC), states 5.3 million people fall below the low pay threshold of £6.75 per hour and that 10% of households have seen their weekly income fall by £9 a week since 1997.

The TUC believes that as “real wages have fallen, the gap between what people earn and what they need has increasingly been filled by debt. The amount owed by UK households has tripled in the last decade”.

To read the full article click here.