Worries about wage inflation have been ‘overdone’, a think tank has said, arguing that headline figures fail to take into account the end of the furlough scheme.
Since restrictions began to lift at the beginning of this year, employers have faced warnings of record wage inflation, with official figures showing nominal pay grew 4.1 per cent in the year to January 2022, compared to an average of just 2 per cent in the decade before the pandemic. READ MORE