UK post-financial-crisis pay squeeze (2009-2014)
After the 2008 financial crisis, UK real wages fell for several consecutive years, the longest such decline since records began in the mid-19th century. Nominal pay grew slowly while inflation ran higher.
Household incomes stagnated and the squeeze became a dominant political issue.
It took nearly a decade for real pay to recover to pre-crisis levels.
Shows how persistent weak real pay growth can be when nominal gains lag inflation, a pattern echoing today's thin 0.6% real gain.
