UK pay falls at fastest rate for more than a decade

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UK pay falls at fastest rate for more than a decade
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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.

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