UK wage growth trails rising cost of living

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UK wage growth trails rising cost of living
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Regular pay showed a 1.0% fall from a year earlier, the Office for National Statistics said

The ONS said its latest figures showed the number of unemployed people fell below pre-pandemic levels for the first time, while there was another strong rise in the number of pay-rolled employees in February.

"The issue is not that pay growth is weak, it's that prices are running even higher," Mr Fitzner told the BBC's Today programme. You can't sugar-coat this. It's been widely predicted that living standards would fall as a result of rising inflation. Before inflation, the average pay rise was 3.8% excluding bonuses - substantially more than most workers have been used to over the past decade.

Ben Harrison, director of the Work Foundation, said: "Rising prices and the energy cap increase in April will affect all households across the UK, but it will acutely impact those in low paying and insecure employment."

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