Boris Johnson’s time as Prime Minister has seen the average annual earnings of the average UK citizen have increased at their lowest rate since the mid-70s.
Interesting findings from research carried out by Ezra has found that during Boris Johnson’s time as our Prime Minister the average annual earnings of the average UK citizen have increased at their lowest rate since Labours Harold Wilson in 1974.
The research carried out using data from the Office for National Statistics looked at the average gross annual income of the average UK person and how this has changed under each Prime Minister. Ezra then looked at what this total increase in earnings equated to as an average annual increase for each PM to see which ranked top for wage growth during their time at Number Ten.
The figures show that at just 3%, Johnson has seen the lowest increase in earnings during his time as PM, however, he’s also been in the position for the shortest amount of time (1.8 years).
Johnson ranks as the worst in the last 47 years
But the figures don’t get much better for Johnson when analysing them based on the average change per year during his time in office. In fact, at 1.7% a year, wage growth under Johnson ranks as the worst in the last 47 years, second to just one man.
Cameron 1.1% per year
During David Cameron’s 6 years as Prime Minister, the average UK earnings climbed by 6.6% overall. However this equates to just 1.1% per year on average during the six years he spent in the position, the worst of all PM’s since Harold Wilson.
Coincidentally, it’s Wilson that preceded over the most buoyant levels of wage growth in terms of an average annual lift during his time in office between March 1974 and April 1976. The average annual salary increased by 28.3% a year during his two years as PM.
Margaret Thatcher isn’t far behind though, with earnings up an average of 18% a year during her tenure. Thatcher also saw the largest overall growth at 207.3%, although she was in the position for the longest period (11.5 years).
NHS pay rise of 1%