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Evening Standard
Evening Standard
World
Nicholas Cecil

We need to ‘slay dragon’ of high inflation, says Cabinet minister as average pay jumps by record 7.3 per cent

Average pay jumped by a record 7.3 percent in the three months to May compared to a year earlier, official figures revealed on Tuesday, but this was still below the rate of inflation.

They showed that growth in employees’ average total pay (including bonuses) was 6.9 per cent and growth in regular pay (excluding bonuses) was 7.3 per cent in March to May 2023.

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