I have noticed two London based lecturer posts advertised on Jobs.ac where the salary is £38,249 to £45,413 including London weighting.
These starting salaries are lower than when I became a lecturer 2 years ago and in fact are the same as an associate lecturer would get, or a research assistant, neither of whom have a PhD.
Is this where academia is heading, a race to the bottom salary wise where the expertise, expense and hard work of having a PhD is no longer recognised. Why bother when you can get a masters and a job at the same salary level, and probably more outside of academia.