Sheffield workers see one of biggest slumps in value of pay

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Sheffield workers have experienced one of the largest reductions in the country in the value of their earnings.

A new study has revealed the real value of average earnings has fallen by almost 14 per cent over the last five years, but in Sheffield the reduction is 23 per cent.

The report was commissioned by the GMB union, which has warned all year that wages have failed to keep up with inflation.

Paul Kenny, general secretary of the GMB, said: “These alarming figures show how hard-pressed working people across the UK are struggling to pay their bills after years of wage decline and attacks on the living standards of families throughout the land.

“Working people deserve and need a decent pay rise to halt the drop in living standards.”