Pay Packets Across Britain Are Shrinking For The Third Time In Decade

The Caithness Business Index has posted the following article:

Pay Packets Across Britain Are Shrinking For The Third Time In Decade

[IMG][/IMG]

Real wages officially began to fall in November, and the current period of shrinking pay packets is likely to get worse before it starts to ease in the second half of 2022, the Resolution Foundation said today (Tuesday) in response to the latest ONS labour market statistics. Real regular average weekly earnings wages fell by 1 per cent in November off the back of rising inflation (CPI rose to 4.6 per cent) and falling nominal wage growth (down to 3.5 per cent). [Read Full Article]