Jeremy Hunt was frank in his response to the most recent official figures for the state of the UK labour market. Excessive inflation, the chancellor stated, was eroding the worth of pay cheques. Individuals’s wages weren’t going so far as they need to.
Hunt sought to pin the blame for a rising price of dwelling on Vladimir Putin, however whereas Russia’s invasion of Ukraine has definitely given inflation an unwelcome enhance since early this 12 months the image is extra advanced than that.
Within the decade after the tip of…
