Inflation and soaring energy bills cause squeeze on living standards, as unemployment rises slightly
Average wages in the UK are falling at the fastest rate for more than a decade as annual pay growth fails to keep pace with the rising cost of living.
The Office for National Statistics said annual growth in regular pay, excluding bonuses, fell by 2.2% in the three months to April after adjusting for its preferred measure of inflation – the biggest fall since November 2011.
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