Salaries up but value has dropped

EARNINGS of full-time workers in Calderdale have risen but their value has plummeted, a new survey has revealed.

The area’s average salary of £27,731 has gone up by £1,734 since 2007.

But its worth has dropped by 8.6 per cent as workers have to make their cash stretch further.

The figures come from official earnings data analysed by trade union GMB.

Tim Roache, regional secretary, said: “These figures show that the Government’s strategy for an economic recovery is in tatters as living standards in the region drop.”

The value of earnings dropped by 7.1 per cent across Yorkshire, well above the 6.2 per cent national average.

Workers in Wakefield suffered the biggest blow to their pockets with their earnings plummeting by 11 per cent. In Kirklees, the drop was 8 per cent.

While Calderdale’s employees fared better, they were hit harder than their other West Yorkshire neighbours. In Leeds, the drop was 6.9 per cent and in Bradford, it was 4.2 per cent.

The figures were calculated by comparing annual average earnings from April 2007, before the recession hit, and this April.

The change, plus an uprating for wage increases to September 2011, were then measured against inflation.

GMB blamed chancellor George Osborne’s cuts for stalling the country’s recovery from recession.

Mr Roache said: “Things have got a lot worse in the past year as the recovery underway at the time of the election stalled and the region is mired in a new recession.

“Two thirds of the economy is consumer driven and Osborne must be the only person who does not get it. Squeezing wages, pay freezes and cutting jobs will not restart the economy.”