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British average annual salaries inches up


09:00, November 23, 2012

LONDON, Nov. 22 (Xinhua) -- British average annual salaries increased by 1.4 percent to 26,500 pounds (42,230 U.S. dollars) in the year ending April, official data showed on Thursday.

The Office for National Statistics (ONS) said the increase of 1.4 percent compared to 26,100 pounds in the year ending April 2011 lags far behind the inflation rate in the period which was 3.5 percent.

Average annual earnings for men were 28,700 pounds in April of this year, up 1.2 percent from 2011, and for women it was 23,100 pounds, up 2 percent. The pay gap between women and men shrunk from 10.5 percent of men's full-time hourly earnings to 9.6 percent.

London led the country in average weekly earnings for full-time employees at 653 pounds, which is 29 percent higher than the national average, while in Wales it was the lowest at 453 pounds, 11 percent lower than the national average. (1 pound = 1.60 U.S. dollars)

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