Workers made redundant in recession could wait five years before salary reaches similar level

Daily Mail
"Research by the prestigious Globalisation and Economic Policy Centre showed how the financial crisis could condemn thousands to half a decade on lower pay. ...Based at the University of Nottingham, GEP is one of the major centres in the world studying the impacts of globalisation and economic policy.Its academics have advised organisations including the Treasury, the Bank of England, the Commonwealth Secretariat and the World Bank.They used information from the Office of National Statistics' Business Data Lab to study a random sample of one per cent of employees in the PAYE scheme."