UK real pay falls at fastest rate in two decades

Inflation hits wages

clock • 2 min read
UK real pay falls at fastest rate in two decades
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UK real pay falls at fastest rate in two decades

UK real wages, which reflect the power of employee pay after accounting for inflation, declined by an annual 3% in the last quarter, the lowest in two decades as inflation continues to soar. 

The figures released by the Office for National Statistics today (16 August) show that while average pay, excluding bonuses, rose by 4.7% in the April to June period, the cost-of-living is increasi...

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