Living standards in Britain are projected to plunge by a staggering 7.75% by the end of this year Pay rises in Britain could fall behind inflation by almost 8% later this year, which will be the biggest fall in real wages for 100 years, the Trades Union Congress (TUC) said in a report published on Thursday. According to the report, living standards in the country are expected to fall by an unprecedented 7.75%, given the central bank’s prediction that inflation would jump to 13% in the fourth quarter of 2022 while wages were to increase by just 5.25%.The TUC pointed out that workers had not suffered such a severe a
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