UK pay falls at fastest rate on record as inflation bites – business live

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The Guardian

Jobs data from the Office for National Statistics shows real terms pay, which accounts for inflation, fell 2.8% between March and May

LibDem politicians are zeroing in on today’s pay figures, and are saying the Tory government has failed to take action in light of soaring inflation.

The Liberal Democrat treasury spokesperson Sarah Olney said:

People are seeing their paycheques eroded by soaring inflation month after month, yet they’ve been left with a zombie government that’s missing in action.

This must be a wake-up call to reverse this Conservative government’s unfair tax rises that are hammering families at the worst possible time.

Continue reading… July 19, 2022 at 12:29PM Kalyeena Makortoff

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