Nadhim Zahawi is downplaying the severity of a record fall in wages

Britain’s caretaker government appears reluctant to admit the scale of the cost of living crisis

Ben Chapman
Tuesday 16 August 2022 19:05 BST
Chancellor Nadhim Zahawi (PA)
Chancellor Nadhim Zahawi (PA) (PA Wire)

Real wages have fallen at their fastest pace on record and more pain is in store as the country heads into a long recession and average energy bills surpass £4,000 a year.

Yet the chancellor, Nadhim Zahawi, responded to this latest shocking economic news by seeking to downplay it.

Incomes are not just being squeezed they are being subjected to an all-out assault. Public sector workers in particular have been hammered by a huge pay cut in real terms.

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies


Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in