Londoners would have £7,000 more a year if wages hadn't been hit by recession, study finds

Londoners would be more than £130-a-week better off if wages had continued to rise at rates seen before the recession, a study found today.

The analysis from the TUC suggests it would mean each worker in the capital having an extra £7,000 a year in their pay package.

The organisation said the study showed how living standards had suffered during the recession and how pay has failed to recover during the recovery.

Speaking ahead of its Britain Needs a Pay Rise March in London this Saturday TUC General Secretary Frances O’Grady said: “Londoners are increasingly being forced to use their credit cards and dwindling savings to make ends meet.

“Unless Britain gets a pay rise soon the UK’s personal debt problem will get even worse.

“That’s why thousands of people from across the capital who work in both the private and the public sectors will be coming on Saturday.”