Angus seventh worst in wage cuts

editorial image

Angus features among the top 10 areas in Scotland where pay has dropped below the national average, according to a new study.

The real value of average earnings of all employees resident in Scotland has dropped by 12.6 per cent between April 2008 and April 2014, a new GMB study of official earnings data shows.

The pay in Angus has dropped 4.3 per cent lower than the Scottish average to 16.9 per cent.

The three worst areas in Scotland were Stirling, where the drop has been 23 percent, East Lothian, with a 22.7 per cent drop, and the Scottish Borders, which has seen a 19.1 per cent drop.

Angus ranks seventh out of the 31 areas surveyed.

Harry Donaldson, secretary for GMB Scotland, said: “These figures are a damning and shocking indictment of how the Tories have run the economy and who has benefited from their time in office.

“It has been the bankers and financiers first and working people and their families last.

“This must change in 2015. If George Osborne is still in charge of the economy this time next year, Father Christmas will have to make half of his reindeers redundant and cut the pay of the elves by 25 per cent.”

In April 2008 the mean gross annual earnings for all employees resident in Scotland according to the Annual Survey of Hours and Earnings (ASHE) was £23,934.

The ASHE figure for the mean gross annual earnings for all employees resident in Scotland for April 2014 was £25,581.

This is an increase of £1,647 or 6.9 per cent. Between April 2008 and April 2014 inflation has been 19.5 per cent.

This means the drop in real value of average earnings in Scotland between April 2008 and April 2014 has been 12.6 per cent.