Basic pay falls at fastest rate since records began in 2001 when rising prices are taken into account.
Related Insights:
- UK inflation soars to 10-year high of 5.1% as cost of living squeeze tightens – business live
- UK real pay falls by record 3%, as job vacancies also decline – business live
- UK jobless rate drops as more people leave labour market, and wage squeeze continues – business live
- UK house prices rise at fastest rate since 2007; markets await US jobs report – business live
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