Xmas wage squeeze coming says TUC

UK workers are facing the worst Christmas wage squeeze in nearly a decade, the TUC has said. It says real wages (wages after the cost of living has been taken into account) in December 2021 are likely to be 0.8% lower than in September 2021.

The TUC estimates that, in the last quarter of 2021, pay growth (+0.8 per cent) has risen at just half the speed of inflation (+1.6 per cent).

The union body says the final quarter of 2021 has been the worst final quarter for real wage growth since 2012 and the second worst since 2000.

https://www.tuc.org.uk/news/tuc-uk-workers-face-worse-xmas-wage-squeeze-nearly-decade