Boris Johnson’s stint as PM has seen the average annual earnings of the UK citizens increased at their lowest rate since the mid-70s, according to damning new research published today.
An investigation by Ezra, a leading provider of digital coaching, delved deep back into the ONS records.
It looked at the average gross annual income of the average UK person and how this has changed during the tenure of each prime minister starting in March 1974 when Harold Wilson first took office.
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%, Boris 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).
But the figures don’t get much better for Boris 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 Bojo ranks as the worst in the last 47 years, second to just one man.
During David Cameron’s time 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 PMs 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.
The Iron Lady 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).