Rapid Rise in Regular Wages Surpassing Prices: Urgent Tax Cut Demand Rejected by Jeremy Hunt and IFS Warns of Escalating Economic Struggles
Regular wages in the UK are finally increasing faster than prices, providing hope for struggling Brits after nearly two years. According to official figures from the Office for National Statistics (ONS), regular pay increased by 7.8% over the three months to August, taking into account the headline Consumer Price Index (CPI) inflation rate. This marks …