Apr 12, 2022
Pay growth fails to keep pace with cost of living
UK wage growth failed to keep up with the rising cost of living between December and February, according to new data. Latest inflation figures show the cost of living is rising at its fastest pace for 30 years. Recent figures showed inflation reached 6.2% in February and new data, due out on Wednesday, is forecast to show a further rise in March. The data revealed a sharp contrast in pay growth between the public and private sectors. Meanwhile the number of job vacancies reached a fresh high of 1.29 million between January and March - a rise of 492,400 roles compared with the pre-pandemic first three months of 2020..
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