Haringey suffers third biggest drop in average earnings

People living in Haringey have suffered the third biggest drop in average earnings in the UK, new research has shown.

Earnings in the borough have decreased by 26.8 per cent since 2008, according to data from Office of National Statistics.

Despite average annual earnings going up from £26,137 in April 2008 to £27,174 in April 2013 the 17.8 per cent rise in inflation has meant real value earnings across the country have gone down by 13.8 per cent.

The worst hit borough in the country is Hammersmith & Fulham with average income down by 49.1 per cent.

It was followed by Camden, where earnings are down by 30.7 per cent.

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