Pay in most London boroughs 'below pre-2007 crash levels'


The real value of earnings for full-time workers in London has fallen by almost 18% since before the financial crash, a new study shows.

Research by the GMB union found the drop between 2007 and 2016 was as high as 38% in Westminster and almost 30% in Hammersmith and Fulham.

London regional secretary Warren Kenny said pay in most London boroughs was below 2007 levels once inflation was taken into account.

"We need more years of growth to fill the gap and meet the ever-rising cost of housing," he said.