Rising prices and energy bills mean average wages fell at fastest rate since 2014 amid cost of living crisis
Unemployment in the UK has fallen below pre-Covid levels, but high inflation amid Britain’s cost of living crisis means average wages fell at the fastest rate since 2014.
The Office for National Statistics said the unemployment rate fell to 3.9% in the three months to January, dropping below the 4% rate in February 2020 before the coronavirus pandemic took hold in the UK.
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