UK real wages have fallen at a record rate
Earnings remain below their 2008 level after falling 3 per cent over the past eight months.
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Economy
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Economy
Higher inflation spells danger for the UK’s public services
An extra £8.3bn will now be needed to maintain current public service spending levels.
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How UK cash withdrawals have reached a record high
The cost-of-living crisis has led to a 20 per cent year-on-year rise in cash withdrawals.
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The top 1 per cent are the only group whose pay has grown faster than inflation
Pay growth at the top has reached 11 per cent while the bottom tenth of earners have seen their wages…
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UK households face worst fall in living standards for 60 years
Household incomes are set to fall by 3.6 per cent in 2022 and 4.3 per cent in 2023.
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The Bank of England is recklessly driving the UK into a deep recession
Rate rises will do little to control inflation but they will dramatically increase the threat of mass unemployment.
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How UK house prices are soaring above wage growth
Since January 2019 house prices have risen by 25.6 per cent – twice as fast as wages.
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How the gap between public and private sector pay has grown
A proposal by Liz Truss would have further depressed public sector wages that have fallen in real terms since 2010.
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