People leaving university this year will face the weakest pay conditions in the UK since 2003, new research has indicated.
According to a study published today (April 16th) by the Incomes Data Services (IDS), students graduating in 2012 are set to experience a tough employment climate with 90 per cent of all companies planning to freeze pay offered to such individuals.
In addition, while the median starting salary offered to university-leavers will stay at £25,000 – the same figure as last year – the impact of inflation means this actually represents a two per cent reduction.
Furthermore, the IDS noted that because the cost of living has grown substantially in Britain over the last few years, graduates will actually find themselves worse off this year than their counterparts a decade ago.
This comes after figures from National Savings and Investments revealed that Britons are storing 7.66 per cent of their monthly income in savings accounts.