UK inflation: four in five workers fear cost of living squeeze, survey finds

Rising inflation, falling living standards and static pay fuel anxiety across all income bands, thinktank finds

Anxiety over future job and pay prospects has become entrenched among UK workers against a backdrop of falling living standards, Brexit uncertainty and the prospect of automation, a report has warned.

Four out of five working people are concerned that inflation will outstrip their pay in future, despite high levels of employment, the Royal Society of Arts, Manufactures and Commerce said.

Related: Real wages fall despite low levels of unemployment