Economics
U.K. Incomes See Biggest Squeeze Since 2014 as Inflation Bites
- Real earnings fall 1.2% as cost of living crisis deepens
- Labor market remains buoyant, vacancies hit a record high
Shoppers on Sauchiehall Street in Glasgow, U.K., on Feb. 12.
Photographer: Emily Macinnes/BloombergThis article is for subscribers only.
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U.K. living standards fell at the fastest pace in almost eight years in December, a squeeze that is set to intensify in April when energy bills and taxes are due to soar.