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City of London workers lead wage growth as pay inequality worsens in UK

Only the UK’s highest earners have been given inflation-busting pay rises so far this year, as the country’s lowest earners see pay growth ‘flatline’, according to the latest research.

by | 8 Aug, 2022

The highest earners, typically concentrated in the City of London among finance, professional and technical sectors, have seen annual pay growth of 10 per cent, while lowest earners have seen just a one per cent rise, analysis from the Centre for Economics and Business Research (Cebr), a consultancy, bankers, financial professionals, has revealed today.

Cebr has urged that more support be focused on the UK’s lowest-income households, for those in and out of work, “if they are to avoid worsening hardship”, it said.  

Read more at City A.M.

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