Real-terms wages have fallen by the biggest amount of any single month for more than a decade, new figures show. Analysis by the Learning and Work Institute shows regular pay, after inflation, fell by 1.9 per cent in March 2022 alone.
Jonathan Ashworth, Labour's shadow work and pensions secretary, reacted by saying: "The Tory economic approach is failing. Workers deserve fair pay rises and a plan from government to tackle the cost of living crisis."
The figures come from the Office for National Statistics' latest labour market data. They show the average weekly wage in the UK in March was £615 including bonuses, or £558 excluding bonuses.
