Analysis shows 1.4 million people face the ‘double jeopardy’ of working in severely insecure jobs while privately renting.
Inflation
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Six in 10 NHS nurses are facing such financial pressures they must turn to credit or savings, a survey by the Royal College of Nursing has found.
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Wages will not return to 2008 levels for another two years, the Resolution Foundation claims.
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UK inflation in the year to January 2024 remained unchanged and below pay growth, after many analysts had expected a slight rise.
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Pay growth barely continued to outpace inflation at the end of 2023, February 2024 labour market figures have shown.
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More than half of pay deals are expected to be lower than 2023, with early data for January suggesting the median has fallen.
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Pay growth continued to outpace inflation in autumn 2023, but at a slower rate, January 2024 labour market figures show.
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Inflation in November dropped more than expected to 3.9%, the Office for National Statistics has said.
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Pay growth slowed as vacancies continued to fall, December 2023 labour market figures from the ONS show.
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Years of wage stagnation have cost the average UK worker £10,700 a year in lost pay growth, a report has claimed.
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The Treasury has announced a 9.8% increase to the national living wage from April 2024.
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The average pay settlement returned to 6% in the three months to the end of October 2023, finds XpertHR.
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Inflation (CPI) falls from 6.7% to 4.6% in the year to October 2023 while RPI decreases from 8.9% to 6.1%, new data from the ONS show.
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The November 2023 labour market figures show growth in average earnings continues to outstrip inflation, but at a slower rate.
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Thousands of employers are at risk of insolvency, according to data from Begbies Traynor.