Spending power squeeze worst for 20 yearson July 19, 2022 at 7:36 am

- Advertisement -
- Advertisement -
- Advertisement -
- Advertisement -

Basic pay falls at fastest rate since records began in 2001 when rising prices are taken into account.

Breaking News image

Regular pay is falling at the fastest rate since records began when taking into account rising prices, the Office for National Statistics has said.

Between March and May, pay excluding bonuses was down 2.8% from a year earlier when adjusted for inflation, while pay including bonuses was down 0.9%, the ONS said.

Household budgets are being squeezed by rising food, fuel and energy costs.

- Advertisement -

Discover

Sponsor

Latest

Xi Jinping defends China’s rule of Hong Kongon July 1, 2022 at 5:23 am

Despite criticism, China's leader says the "one country two systems" model works and must continue.Image source, Getty ImagesHong Kong is under tight security as...

Mesothelioma Causes

If you're curious about what's causing your mesothelioma symptoms, then you will want to read this article. Specifically, we'll discuss what some of these...

Art: Paintings by Sir Kyffin Williams sell for £39,000on August 17, 2021 at 8:42 pm

The artworks, by one of Wales' most renowned artists, are described as "a truly wonderful find".

Heathrow delays: Emirates agrees to cap summer ticket saleson July 15, 2022 at 7:48 pm

The airline says it will work with the airport as it struggles to cope with surging demand for travel.Image source, Getty ImagesEmirates Airlines has...

Should billboard advertising be banned?on September 7, 2022 at 11:06 pm

Campaigners want to see the end of all outdoor advertising, calling it "sight pollution".Campaigners want to see the end of all outdoor advertising, calling...