Rolling coverage of the latest economic and financial news
- Regular pay in UK falls 1% after inflation
- Wages rose, but basic pay is lagging rising prices
- Unemployment rate drops to pre-pandemic levels; vacancies at records
- UK to expand Russia sanctions list as bill is fast-tracked
- Russia due to repay $117m interest tomorrow
Public sector workers are being particularly hit by the cost of living squeeze, the labour market report shows.
Average total pay growth for the private sector was 5.3% in the three months to January 2022, but just 2.4% in the public sector.
All industry sectors saw pay growth in November 2021 to January 2022, with the finance and business services sector seeing the largest growth rate at 8.6% as well as strong bonus payments.
Allwyn has committed to investment in the National Lottery that is expected to deliver growth and innovation across the National Lottery’s products and channels, resulting in increased contributions to good causes, subject to the protection of participants and propriety.
