Britain’s real wages, which factor in inflation, are expected fall back almost to a two-decade low The average pay of a British employee next year will drop to a level last seen back in 2006, according to the latest report on the UK economy by consultancy multinational PwC, released earlier this week. The professional services network has projected that real wages, which factor in inflation, will plunge by as much as 3% in 2022 and by another 2% during the upcoming year. “2022 has obviously been a highly challenging year for the UK economy, and it is not surprising that these chilly headwinds will continue through
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