On 21 March 2018, the UK’s Office of National Statistics (ONS) reported that salaries in the country rose an annual 2.6% in the quarter between November 2017 and January 2018. Against this, inflation for February slipped to 2.7%. The unexpected rise in salaries has sparked talk of the country moving for the first time towards an increase in employee purchasing power. Trade unions however remain skeptical.
The ONS, which has been recording the data since the July-September 2015 period, indicated that salary levels including bonuses rose by 2.8% between November 2017 and January 2018. Inflation however defied expectations and slipped to an annual rate of 2.7% in February 2018, compared with 3% a month earlier, making this the first time it has dipped below 3% since August 2017. Experts argue that the data signals a turning point for the UK after 12 months of repeated falls in real wages and at a t
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