Wages fall at sharpest rate on record
UK's hot labour market cools and inflation eats pay
Britain's super-hot labour market showed signs of cooling in official data published on Tuesday, as businesses became more cautious about hiring and workers suffered a record fall in their basic wages when adjusted for soaring inflation.
UK workers suffer biggest hit to their wages since records began - Local News 8
By Anna Cooban, CNN BusinessUK workers have suffered the biggest drop in their spending power in more than 20 years as prices keep soaring.Average real wages — which account for inflation — fell by 3% between April and June compared with the same period last year, according to data from the Office for National Statistics published Tuesday. “The real value of pay continues to fall. Excluding bonuses, it is still dropping faster than at any time …
- 37% of the sources lean Left, 37% of the sources are Center
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