illions of individuals are being hit by the sharpest fall in actual wages for at the least 20 years, official figures revealed on Tuesday
Common pay, which excludes bonuses, plummeted by an eyewatering 4.1 per cent within the three months to June, in comparison with a yr earlier, as soon as inflation is taken under consideration, in accordance with the Workplace for Nationwide Statistics.
The drop contrasts with a 5.4 per cent rise in June 2021 and highlights the size of the cost-of-living disaster in Britain.
ONS director of financial statistics Darren Morgan stated: “The actual worth of pay continues to fall. Excluding bonuses, it’s nonetheless dropping sooner than at any time since comparable data started in 2001.”