Cost of living: ‘My pay isn’t keeping up with rising prices’

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The number of unemployed drops below pre-pandemic levels, but wages continue to lag behind rising prices. …

That average hides a growing gap between the private sector, where bonuses have lifted total pay by 5.3% including bonuses, enough to keep up with the rising cost of living, and the public sector, where total pay rose by only 2.4% and living standards are falling more sharply.

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