New data shows that wages are not rising in line with inflation – and in fact, in real terms, average weekly wages fell last year. The BBC reports that regular pay, excluding bonuses and adjusted for inflation, fell one per cent in November compared to the same month in the previous year.
Although the latest data from the Office of National Statistics (ONS) shows that wages rose in the year to November 2021, they did not keep pace with the increase in the cost of living.
£5 a month for the first 3 months*
Join our growing community of forward thinking HR leaders and get unlimited access to the full archive, as well as exclusive reports, how-tos, deep dives, and video interviews.
* Billed via Credit/Debit card at £5 a month for the first 3 months, then £27.99 per month.
One time use only. New customers only. Offer expires 11:59PM Sunday 2nd April 2023.
One time use only. New customers only. Offer expires 11:59PM Sunday 2nd April 2023.