Wages in UK next year to be at their lowest level since 2006
FirstpostThe report confirms that wages have stagnated in Britain even as inflation hits double digits, sparking the worst cost-of-living crisis in decades New Delhi: The average British worker’s pay in 2023 is expected to fall back to 2006 levels once inflation is taken into account. The report further confirms that wages have stagnated in Britain even as inflation hits double digits, sparking the worst cost-of-living crisis in decades. UK has been hit by a wave of strikes After a 48-hour strike by rail workers which lasted till 14 December, nurses across the UK have walked out demanding higher pay amid soaring inflation. What is the UK govt saying The UK recorded the highest number of working days lost due to labour strikes in October in more than a decade, Reuters reported citing Office for National Statistics data.