Wages in Britain fell 5.5 percent since mid-2010, the BBC reported Sunday. The only countries in the European Union with a bigger decline were Greece, Portugal and Netherlands. Across the European Union as a whole, wages fell 0.7 percent. Of those that saw an increase in wages were Germany with a 2.7 percent increase and France with a 0.4 percent increase. The government said it helped offset the increased cost of living by raising the tax-free personal allowance threshold to $15,500. “The economy is on the mend, but we’ve still got a long way to go as we move from rescue to recovery and we appreciate that times are still tough for families,” a Treasury spokesperson said.
Source : Saudi Press Agency