The Caithness Business Index has posted the following article:

Workers Plunged Into Deepest Pay Squeeze Since The Silver Jubilee

[IMG][/IMG] Real average weekly earnings fell by 3 per cent in the three months to June, the biggest fall since 1977, the Resolution Foundation said on Tuesday 16 August 2022 in response to the latest ONS labour market statistics. The latest data is dominated by near double-digit inflation, which according to the Foundation's analysis of longer-term ONS and Bank of England pay data, has brought about the deepest pay squeeze in 45 years. [Read Full Article]