UK pay squeeze intensifies as real wages continue to fall
by Angela Monaghan from Economics | The Guardian on (#2W8RH)
TUC urges government to intervene as households come under pressure despite lowest unemployment since 1975
UK consumers are suffering a sustained fall in living standards as real pay fell again in the three months to May, piling more pressure on cash-strapped households.
Regular pay adjusted to account for the impact of inflation fell by 0.5% year on year over the period, shrinking family incomes and signalling a weaker outlook for consumer spending.
Related: UK unemployment rate hits lowest since 1975, but real wages keep falling - business live
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