UK wage growth continues to trail cost of living

Published15 minutes ago

UK wage growth failed to keep up with the high cost of living between October and December, officials figures show.

Wages rose but when taking inflation into account, pay showed a 0.8% fall, said the Office for National Statistics.

Despite this, the economy continued to recover strongly, with unemployment falling to 4.1% and job vacancies hitting a fresh record high.

Unemployment is now "only fractionally" above where it was before the pandemic.

Related Topics