Article 2W8RH UK pay squeeze intensifies as real wages continue to fall

UK pay squeeze intensifies as real wages continue to fall

by
Angela Monaghan
from 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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