Wage increases in February outstripped by rises in cost of living, as unemployment rate rises
Business live – latest updatesSickness drags down economy as vacancies go unfilled
The real value of UK workers’ pay has continued to fall at the fastest rate for more than a decade, as wage increases in February were outstripped by high inflation.
The Office for National Statistics said annual growth in average pay, excluding bonuses, held steady at 6.6% in the three months to February despite a small rise in unemployment and decline in the number of job vacancies.
Continue reading…Wage increases in February outstripped by rises in cost of living, as unemployment rate risesBusiness live – latest updatesSickness drags down economy as vacancies go unfilledThe real value of UK workers’ pay has continued to fall at the fastest rate for more than a decade, as wage increases in February were outstripped by high inflation.The Office for National Statistics said annual growth in average pay, excluding bonuses, held steady at 6.6% in the three months to February despite a small rise in unemployment and decline in the number of job vacancies. Continue reading…