Inflation & Prices
Londoners Escape Worst of Inflation Crisis With Big Pay Hikes
- Real wages are falling less in the capital than elsewhere
- Findings add to pressure for government ‘leveling-up’ strategy
This article is for subscribers only.
London residents are weathering the cost-of-living crunch better than people in the rest of the UK, one research group concluded.
Residents of the capital saw their real wages adjusted for inflation slip by £9 ($11.13) a week compared to a year ago during the fourth quarter of 2022, research from the Centre for Economics and Business Research indicates.