Analysis shows real wages fell by an average of £76 a month in 2022 as pay failed to keep pace with inflation

As workers across the UK prepare for strike action over pay, it has emerged that 2022 has been the worst year for real wage growth in nearly half a century.

Analysis of official statistics by the Trades Union Congress (TUC) found that real wages – the amount people earned in relation to their cost of living – fell by an average of £76 a month in 2022 as a result of pay not keeping pace with inflation.

Analysis shows real wages fell by an average of £76 a month in 2022 as pay failed to keep pace with inflation As workers across the UK prepare for strike action over pay, it has emerged that 2022 has been the worst year for real wage growth in nearly half a century.Analysis of official statistics by the Trades Union Congress (TUC) found that real wages – the amount people earned in relation to their cost of living – fell by an average of £76 a month in 2022 as a result of pay not keeping pace with inflation. Continue reading…