Surging inflation wipes out pay rises, ONS says

inflation
For November alone, workers suffered a real terms pay cut of 1%
// UK employee wages affected by surging inflation
// Weekly earnings rose by 3.8% in the three months to November

New research has shown that UK workers saw their pay rises wiped out by surging inflation late last year.

Weekly earnings rose by 3.8% in the three months to November compared to the same period a year earlier, according to the Office for National Statistics (ONS).

However, this was a slowdown compared with the previous month, and with inflation climbing to a ten-year high the rise was cut to zero in real terms, the ONS said.


READ MORE: UK weekly footfall rises as workers return to the office


For November alone, workers suffered a real terms pay cut of 1% – the first such fall since July 2020.

Inflation is expected to increase further this spring.

The ONS also found that in December, the number of workers on UK payrolls climbed by 184,000 to 29.5 million – now 409,000 above pre-pandemic levels in February 2020.

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