Monday, August 8, 2022

British workers suffer the biggest drop in regular wages on record

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British workers have suffered the biggest drop in regular wages on record, with wages falling by almost 3 per cent.

Earnings excluding bonuses fell 2.8 percent between March and May this year when inflation is factored in, data from the Office for National Statistics (ONS) shows.

It was the biggest drop since records began two decades ago, as the UK grappled with rising inflation and a cost-of-living crisis.

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