GMB Union says today’s ONS figures showing real wages dropping as inflation runs rampant could spell disaster for working people.
Gary Smith, GMB General Secretary, said:
“These worrying figures show that real pay is dropping fast and, with no action from a rudderless government, things are likely to get even worse for working people.
“The value of pay packets is plummeting and employers need to get wages rising or workers will face impossible choices on how to pay their bills as the cost of living crisis becomes a catastrophe.