| Including bonuses pay is outstripping inflation.... on 08:59 - Jun 14 with 505 views | BanksterDebtSlave |
...and getting worse...
UK pay falls at fastest rate in more than 20 years
Regular real pay in the UK fell at the fastest rate this century in April, as wages fell further behind rising prices.
In April alone, regular pay packets (excluding bonuses)Â shrank by 3.4%Â once you adjust for inflation. That’s the biggest monthly fall, year-on-year, in at least 20 years, today’s data from the Office for National Statistics shows.
Stephen Evans, Chief Executive of Learning and Work Institute, said:
“The cost of living crisis is hitting hard with real regular wages falling more sharply this month than in any month this century.
We face a year of pain. The Chancellor has increased the help on offer and needs to prepare to do more. We also need an urgent focus on getting our economy moving again so living standards can rise.
Tony Wilson, director of the Institute for Employment Studies, says this is “really grim news” on pay and is only likely to get worse.
Despite the tightest labour market on record, nominal pay is broadly flat meaning that rocketing inflation is leading to the largest cuts in real pay in at least two decades. The picture is particularly bad for public sector workers, with real pay falling by nearly 6% year on year. |  |
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| Including bonuses pay is outstripping inflation.... on 09:49 - Jun 14 with 447 views | Ely_Blue |
| Including bonuses pay is outstripping inflation.... on 08:59 - Jun 14 by BanksterDebtSlave |
...and getting worse...
UK pay falls at fastest rate in more than 20 years
Regular real pay in the UK fell at the fastest rate this century in April, as wages fell further behind rising prices.
In April alone, regular pay packets (excluding bonuses)Â shrank by 3.4%Â once you adjust for inflation. That’s the biggest monthly fall, year-on-year, in at least 20 years, today’s data from the Office for National Statistics shows.
Stephen Evans, Chief Executive of Learning and Work Institute, said:
“The cost of living crisis is hitting hard with real regular wages falling more sharply this month than in any month this century.
We face a year of pain. The Chancellor has increased the help on offer and needs to prepare to do more. We also need an urgent focus on getting our economy moving again so living standards can rise.
Tony Wilson, director of the Institute for Employment Studies, says this is “really grim news” on pay and is only likely to get worse.
Despite the tightest labour market on record, nominal pay is broadly flat meaning that rocketing inflation is leading to the largest cuts in real pay in at least two decades. The picture is particularly bad for public sector workers, with real pay falling by nearly 6% year on year. |
What a selective figures piece of BS
That’s like saying “inflation is at 5% if you don’t include petrol prices” |  |
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| Including bonuses pay is outstripping inflation.... on 10:23 - Jun 14 with 393 views | SuperKieranMcKenna |
Not sure why they’ve selected a picture of leadenhall Market - won’t be many 6 figure bankers in there.
That aside we are in for a rough ride! The pandemic and Ukraine war has sadly shown the weakness and reliance on global supply chains. |  | | |
| Including bonuses pay is outstripping inflation.... on 10:47 - Jun 14 with 365 views | ElderGrizzly |
Most civil servants on a salary above a certain level have not had a pay-rise for 5 years.
Colleagues in my old consultancy role took a bonus home of £100k+ for the last 5 years.
And i'm still happier in the role i'm in now. |  | | |
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