Your Wage Is Plummeting At A Record Pace, Here’s Why

Wages are falling at the sharpest rate since records began as the cost of living crisis continues to squeeze bank balances, according to the latest official figures.

With inflation at a 40-year-high and energy bills expected to continue climbing – possibly up to £3,582 in October – these findings from the Office for National Statistics (ONS) add to the already bleak picture emerging for the UK economy.

Here’s what you need to know.

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