Pay squeeze intensifies as wage growth falls further behind inflation

ONS data signals further decline in living standards for UK households as unemployment rate stays at 42-year lowBritain is experiencing a rapid decline in living standards with the biggest squeeze in workers’ pay since 2014, according to the latest official data.Regular pay adjusted to account for the impact of inflation fell by 0.6% year on year in the three months to April. It was the weakest data since the summer months in 2014, according to the Office for National Statistics. The decli