Millions of workers are seeing their wages fall in real terms, as salaries fail to keep pace with the rising cost of living, a new study has shown.
The figures are the latest sign that rising inflation is squeezing workers' standard of living, even though the recession has officially ended.
Average wage rises have increased by just 0.1 per cent to 1.9 per cent, according to a respected monthly survey from Incomes Data Services (IDS). The study compared the three month period to the end of February with the three month period to the end of March. more...
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