Pay rises at record pace but still below inflation

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7 minutes ago

Wages person grown astatine the fastest complaint successful implicit 20 years, but are inactive failing to support up with rising prices.

Regular pay, which excludes bonuses, roseate astatine an yearly gait of 6.4% betwixt September and November, authoritative figures show.

It marks the fastest maturation since 2000 excluding the pandemic, erstwhile radical got large rises aft returning to enactment from furlough.

However, erstwhile adjusted for rising prices, wages fell by 2.6%.

The outgo of surviving is presently rising astatine its fastest complaint successful astir 40 years, mostly owed to the warfare successful Ukraine.

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