UK wage growth remains strong amid high inflation
The Office for National Statistics said that wages, excluding bonus payments, rose by 7.3% in the three months to May, unchanged over the previous three-month period and matching the highest rate since records began in 2001.
The agency's director of economic statistics Darren Morgan said that due to high inflation "the real value of weekly earnings are still falling, although now at its slowest rate since the end of 2021." Pic: Pixabay