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Transcripts For BBCNEWS BBC News 20240707

at stansted as heathrow extends its passenger cap to the end of october. and, at last, an apology for the native american actress, booed off stage at the oscars almost 50 years ago. good afternoon. new figures suggest the real value of wages, has fallen at its fastest rate since records began, leading to further concerns about the cost of living. the office for national statistics says regular pay, excluding bonuses, was up a.7% between april and june this year, compared to 2021. but taking inflation into account, wages are actually down 3%, hit by the rising cost of goods and services. the government says it recognises people are struggling with high prices, but is providing direct financia help for millions on low incomes. here s our economics correspondent, andy verity. from the outside, a.7% is the best average pay rise for years. but the inside story is the average worker is dealing with astronomical price rises that more than cancel that out. aiming to attract the insta

Transcripts For BBCNEWS BBC News 20240707

a new dual covid vaccine will form part of the uk s autumn booster campaign the jab targets both the original covid and omicron variants. and, at last, an apology for the native american actress, booed off stage at the oscars, almost 50 years ago. good afternoon and welcome to bbc news. new figures suggest the real value of wages, has fallen at its fastest rate since records began, leading to further concerns about the cost of living. the office for national statistics says regular pay, excluding bonuses, was up 4.7% between april and june this year, compared to last year. but taking inflation into account, it s actually down 3%, hit by the rising cost of goods and services. the government says it recognises people are struggling with high prices, but is providing direct financial help for millions on low incomes. here s our economics correspondent, andy verity. from the outside, 4.7% is the best average pay rise for years. but the inside story is the average worker is deal

Transcripts for BBCNEWS BBC News 20240604 16:04:00

almost 20 years ago. on this chart, the red line shows what s happened to pay rises in the past decade, and the blue line shows how often that s fallen behind the average three month figure for inflation. labour is pressing its plan for much more government support with the cost of living. this wage stagnation has been going on for ten years, - so i really understand just how people are struggling. - it s one of the reasons that we - announced our energy price freeze yesterday, to keep those bills down, and to make the choice that - the oil and gas companies in the i north sea should pay a windfall tax to help people who are struggling through the winter period, - so it s further evidence, i think, of the pressurel that so many millions of people are under. i it s the biggest drop in living standards since the silverjubilee, way back in 1977, according to the living standards think tank the resolution foundation. the government said today s figures show the jobs market remained resilie

Transcripts for BBCNEWS BBC News 20240604 14:04:00

levels for a0 years, it means real wages fell by the fastest rate since records began almost 20 years ago. on this chart, the red line shows what s happened to pay rises in the past decade, and the blue line shows how often that s fallen behind the average three month figure for inflation. labour is pressing its plan for much more government support with the cost of living. this wage stagnation has been going on for ten years, so i really understand just how people are struggling. it s one of the reasons that we announced our energy price freeze yesterday, to keep those bills down, and to make the choice that the oil and gas companies in the north sea should pay a windfall tax to help people who are struggling through the winter period, so it s further evidence, i think, of the pressure that so many millions of people are under. it s the biggest drop in living standards since the silverjubilee, way back in 1977, according to the living standards think tank the resolution foundation. th

Transcripts for BBCNEWS BBC News 20240604 13:04:00

which is actually pretty chunky growth. i mean, that s the strongest growth we ve seen, sort of, close to 15 years. but, unfortunately, when taking into account inflation, which is running at the highest levels for a0 years, it means real wages fell by the fastest rate since records began almost 20 years ago. on this chart, the red line shows what s happened to pay rises in the past decade, and the blue line shows how often that s fallen behind the average three month figure for inflation. labour is pressing its plan for much more government support with the cost of living. this wage stagnation has been going on for ten years, so i really understand just how people are struggling. it s one of the reasons that we announced our energy price freeze yesterday, to keep those bills down, and to make the choice that the oil and gas companies in the north sea should pay a windfall tax to help people who are struggling through the winter period, so it s further evidence, i think, of the pressur

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