UK wage growth outpaces inflation after two-year squeeze
Official figures show regular pay rose 6.2% annually while inflation slowed to 4.6%, bringing relief to British workers after prolonged cost-of-living pressures.
Official figures show regular pay rose 6.2% annually while inflation slowed to 4.6%, bringing relief to British workers after prolonged cost-of-living pressures.
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Exclusive analysis of the UK's latest labour market data reveals a worrying slowdown in wage growth coupled with rising unemployment, putting fresh pressure on household finances and the Bank of England's interest rate strategy.
New data from the Office for National Statistics shows UK regular pay growth fell to 6.1%, lagging behind inflation and intensifying the cost-of-living crisis for workers.
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