UK workers saw a record drop in real earnings over the past quarter despite pay increases amid soaring inflation, according to official figures published on Tuesday.
The Office for National Statistics (ONS) said regular pay (excluding bonuses) between April and June was estimated to have increased by 4.7 percent compared to the same quarter last year.
However, after adjusting for inflation, regular pay plummeted by 3 percent year on year, the biggest drop since the record began in 2001.
Total pay (including bonuses) from April to June increased by 5.1 percent, but in real terms, it represents a 2.5 drop,  taking inflation into account. It’s the biggest real total pay drop since the three-month period between February and April 2009….