Cost-of-living crisis is far from over as wage growth slows
Person using a cashpoint
THE cost-of-living crisis is still a long way from being over, trade union leaders warned today as Britain’s wage growth slowed to the lowest rate for 10 months.
Figures from the Office for National Statistics (ONS) showed that average regular earnings, excluding bonuses, increased by just 6.6 per cent in the three months to November, down from a revised 7.2 per cent in the previous three months.
It is the lowest rate since the three months to January last year and one of the steepest falls in earnings growth since during the pandemic.
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