UK wages grow at record annual rate
News / Tue 15th Aug 2023 at 09:45am
WAGES grew at a record annual pace between April and June, according to new figures from the Office for National Statistics (ONS) reports the BBC.
Regular pay grew by 7.8%, the highest annual growth rate since comparable records began in 2001.
Inflation, which measures the pace at which prices are rising, has eased but remains relatively high at 7.9%.
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I notice D F hasn’t commented on this, the complete opposite to his rant on an earlier post.. probably reading the guardian as the source of his misinformation lol..dave O,f,& h.🤭
Its still a fall in real terms if its below inflation, isn't it? Remember the 11% inflation we have seen in the last year is effectively baked in. Your headline should probably read 'UK wages grow at record annual rate..but cannot keep pace with even higher inflation'. It is slightly disingenuous otherwise.