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hello and welcome if you re watching in the uk or around the world. the value of uk wages has fallen at the fastest rate since records began after taking into account the rising cost of living. household budgets are being squeezed by rising food, fuel and energy costs. average pay fell by 3% between april and june, when adjusted for inflation. that means prices are rising at an even faster rate, despite growth in regular pay excluding bonuses. meanwhile, job vacancies continued to increase, although the rate is slowing. the rise in the cost of living has prompted workers and unions across several industries to call for inflation matching pay rises with some, such as rail workers, going on strike. but the government claims the employment figures show the resilience of the uk economy. our business correspondent nina warhurst has more details on those uk job figures. average pay is growing faster than for 15 years but what is crucial at the moment, what everybody watching will
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