MILLIONS OF WORKERS FACE REAL-TERMS PAY CUT AS INFLATION RISES FASTER THAN WAGES

Millions of workers’ real-terms pay has been cut as the cost of living crisis worsens, figures show. The average employee is £260 a year poorer because salary rises in three months to November lagged behind inflation of 5.1%. Office for National Statistics data showed wages in that time rose by 3.8%, 4.2% with bonuses. Inflation in December may have hit 5.2% and economists fear it could ...

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