Wages drop to lowest level in over a decade
The Office for National Statistics (ONS) has announced a drop of 2.2% in UK regular pay between February and April compared to last year.
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Pay setting to be ‘hard for business’ as inflation hits
The Recruitment & Employment Confederation has warned that pay setting will be challenging for businesses as the combination of energy increases, rises in inflation and a tight labour market take their toll.
Rising inflation may widen the UK’s gender pay gap
New research has revealed that women were less likely than men to have been awarded a salary increase that was in line with or above the rate of inflation for 2022.
‘Double whammy’ of inflation rise and slow wage growth to hit workers
Employers are being called upon to support workers as the double whammy of inflation rises and slowing wage growth starts to take hold.
UK pay increase lags behind inflation
As inflation rises, pay in real terms is declining for the first time since the summer, indicating the Bank of England may act faster & increase interest rates
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