JD Wetherspoon warns Covid-19 restrictions will hit trading – business live | Business
The Trafalgar Square Christmas tree in wet wintry weather last weekend Photograph: Guy Bell/REX/Shutterstock
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UK workers are facing their toughest Christmas wage squeeze in a decade, as wages fail to keep up with rising prices in the shops, trade unions warn today.
The Trades Union Congress (TUC) has warned that pay is lagging behind inflation, creating a cost of living storm.
It estimates that in the final quarter of this year, pay growth (+0.8%) will rise at just half the speed of inflation (+1.6%).
That means the largest fall in real wages since 2012 and the second worse since comparable records began 2000.
Families are being hit by surging energy costs and rising…
