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Pay levels fall at record rate

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Office for National Statistics (ONS) figures show that April saw pay levels fall at the fastest rate on record, with workers taking home an average of £503 per week in regular pay during the month, representing a drop of over £6 in real terms compared to the previous month. The decline has been widely attributed to the coronavirus crisis and furlough scheme, with many staff on furlough taking home 80% of their pre-virus pay. Meanwhile, separate ONS data has revealed the largest increase in benefit claims for a century, with a record 2.8m claims. Tony Wilson, director of the Institute for Employment Studies, remarked: “If the public health crisis is just starting to ease, the figures show that the unemployment crisis is only just beginning.”

 

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