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UK workers suffer their biggest pay drop in two decades as inflation bites

July 23, 2022 Robert Harrington

Workers in the United Kingdom are struggling with the biggest drop in pay in more than two decades, as surging food and energy prices take a giant bite out of wages.

Real pay — workers' wages that take inflation into account — slumped by 2.8% between March and May compared to the same time last year, according to data released Tuesday by the Office for National Statistics. READ MORE

← Ernst and Young has major payroll ‘error’: Employees’ paychecks reversedInflation erasing wage gains, forcing pay cuts for American workers →

rharrington@bullseye.consulting

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