843,000 working days were lost because of labour disputes in December, the highest since November 2011.

Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy.

The wave of UK strike action at the end of last year was the most disruptive in over a decade, the latest employment data shows.

For regular pay, this is the strongest growth rate seen outside of the coronavirus (COVID-19) pandemic period.

This is smaller than the record fall in real total pay we saw in February to April 2009 (4.5%), but remains among the largest falls in growth since comparable records began in 2001.

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