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Pay levels fall at record rate


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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