Millions of workers face new pay squeeze as jobs markets takes turn for worse

Inflatie

Millions of workers are facing a pay squeeze just as the jobs market takes a turn for the worse. Data from the Office for National Statistics reveal average wage growth slowed to 3.4% year-on-year between January and March. Private sector pay growth fell to 3%, while in the public sector is stood at 4.8%. Given that inflation has risen to 3.3% , and is expected to increase further because of the economic fall-out from the Iran war , experts warn many workers will begin to suffer a real-terms

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