London workers seeing fastest wage growth, study shows
People living in London have seen their earnings increase faster than any other region, research has found.
According to Halifax, the average salary has increased by 24 per cent in the last five years.
And while the national average for Great Britain is now £31,500, those living in the capital can expect to receive £46,462.
Noting that the biggest increases have been seen in the south of England, chief economist at Halifax Martin Ellis remarked: "Average earnings in Great Britain have risen by more than retail prices over the past five years, indicating an increase in living standards for the typical worker."
The highest earners are in the City of London, where the study showed the average salary is currently £82,084.
Last week London mayor Boris Johnson announced that he would be working with boroughs to implement energy-saving measures, hoping to cut an average of £300 from household bills.
Published 1st December, 2008
© 2008 Estates IT Limited
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People living in London have seen their earnings increase faster than any other region, research has found.