Tagfalling sharply

ONS warns that payment packages are now “falling sharply” amid rising inflation

By Olivia Wilson
In News
5 Min Read
O

The Office for National Statistics (ONS) reports that the basic wage has fallen to minus 1 percent and is now “significantly declining in real terms” amid raging inflation. The ONS added that regular wages, excluding bonuses, fell 1.8 percent in the three months to February, taking into account rising inflation as measured by the Consumer Price Index (CPI), the sharpest drop since August 2013 to...

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