Cost of living: Fall in real wages intensifies as inflation hits earnings - but jobless rate at lowest level since 1974

Tuesday 17th May 2022 13:15 BST

Real wages have dropped by 1.2% as regular pay growth fails to keep up with soaring inflation, according to the latest official figures, suggesting the cost of living crisis may also be forcing the unemployed to seek out work at record levels.

The full article is no longer available.