ONS latest | Wages rise at record level, but not faster than inflation

UK wages are rising at their fastest pace in decades, but soaring inflation means workers are still facing financial struggles, according to new figures.

The latest data from the Office for National Statistics (ONS) shows that regular pay rose by 5.7% in the year to September 2022, which was the fastest growth since 2000, excluding the pandemic years when people’s pay automatically rose following the end of furlough.