Inflation and soaring energy bills cause squeeze on living standards, as unemployment rises slightly
Average wages in the UK are falling at the fastest rate for more than a decade as annual pay growth fails to keep pace with the rising cost of living.said annual growth in regular pay, excluding bonuses, fell by 2.2% in the three months to April after adjusting for its preferred measure of inflation – the biggest fall since November 2011.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
UK economy falls deeper into the red shrinking 0.3% in AprilGDP was down for the second month in a row after a 0.1 per cent dip in March, underlining the 'Stagflation' threat as prices soar.
Read more »
UK economy falls deeper into the red shrinking 0.3% in AprilGDP was down for the second month in a row after a 0.1 per cent dip in March, underlining the 'Stagflation' threat as prices soar.
Read more »
UK economy falls deeper into the red shrinking 0.3% in AprilGDP was down for the second month in a row after a 0.1 per cent dip in March, underlining the 'Stagflation' threat as prices soar.
Read more »
UK hovering over the brink of a recession after economy shrinks againThe UK economy could be heading for a recession - and the cost of living will rise even higher - after the Office for National Statistics revealed that GDP fell by 0.3% in April.
Read more »
UK doctors with long Covid say they have been denied disability benefitsExclusive: some who worked on pandemic frontline may have to sell their house after claims rejected
Read more »
UK GDP report for April released as recession fears grow – business liveRolling coverage of the latest economic and financial news
Read more »