Article 67X32 Real-terms UK pay fell at fastest rates for 20 years at end of 2022

Real-terms UK pay fell at fastest rates for 20 years at end of 2022

by
Richard Partington Economics correspondent
from on (#67X32)

Inflation-adjusted figures also show growth in the public sector significantly trailing private sector

Average real-terms pay in Britain fell at among the fastest rates for more than two decades at the end of 2022, as public sector pay deals continue to fall behind the private sector during the cost of living crisis.

The Office for National Statistics said wages in real terms declined by 2.6% in the three months to November, among the largest falls in growth since comparable records began in 2001.

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