British unemployment remains close to its historical low but wages are still plummeting in real terms, official data reflected on the eve of a budget presented on Tuesday.

UK: Wages affected by inflation despite historically low unemployment rates

The UK Chancellor Jeremy Hunt is spending his Friday defending his autumn statement. On Thursday, he announced a series of tax increases and tighter public spending in a plan presented to the House of Commons in London.

OBR: UK's living standards to fall by 7%, millions still face higher bills | Recession

jeremy-hunter

Jeremy Hunter, News on Jeremy Hunter, stories on Jeremy Hunter, articles on Jeremy Hunter, Jeremy Hunter stories at Wion, Jeremy Hunter news, Jeremy Hunter latest news

jeremy hunter

UK: Wages affected by inflation despite historically low unemployment rates

OBR: UK's living standards to fall by 7%, millions still face higher bills | Recession