Friday, May 24, 2024

UK wages grow at record annual rate

WAGES grew at a record annual pace between April and June, according to new figures from the Office for National Statistics (ONS) reports the BBC.

Regular pay grew by 7.8%, the highest annual growth rate since comparable records began in 2001.

Inflation, which measures the pace at which prices are rising, has eased but remains relatively high at 7.9%.

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