People who live and work in the UK have been hit with a stark £1,386 warning.
New research by tax specialists RIFT Tax Refunds has revealed that real wage growth currently sits at 4.2% across the UK, with just four other G10 nations currently home to a worse balance between wage growth and inflation.
The latest figures show that actual wage growth is currently at 5.9% across the UK, the second highest of all G10 nations behind Belgium. However, while inflation has eased from the 41 year high seen in October of last year, it remains at a notable 10.1%.
