Money (13)

The average wage in the UK rose 3.6% in the year to May 2019, which is the fastest growth since 2008, the Office for National Statistics has said.

With inflation also rising slightly in May, the real-term wage growth was the same as the previous month, however.

The UK experienced several years of squeezing on their pay following the financial crisis in 2008 with prices rising more than twice as fast as wages at its worst point between 2011 and 2012. Now, though, workers have experienced real-term growth in their wages consistently over the past 12 months.

The ONS also revealed fresh records for employment and unemployment figures. More than 32.75 million were in employment in May 2019, and the number of people out of work – 1.29 million – is the lowest since at least 1992.