The wages drop in Britain, for the first time in over 20 years

Average real wages dropped by 3 percent between April and June compared to the same period last year, according to data by the Office for National Statistics released on Tuesday.

Simply put, in reality salaries have actually increased to 5 per cent, but the crisis and inflation exceeding the price hike fail to buy those goods bought several months ago.

This apparently brings about what looks like wage cuts, but which is actually not indexing with price hikes.

Inflation, which rose to 9.4 percent, the highest rate in the past 40 years, along with rising prices at a fast pace, brought about a very serious situation for the British.

CNN writes that the average annual shopping bills increased by $640, while the huge increase in energy bills of $2000 this year. This has plunged millions of Britons into a cost of living crisis, forcing many to choose between heating or food”, CNN highlights. /A2 CNN