Sluggish growth in UK earnings

An index measuring growth in private sector earnings fell by 0.1 per cent this month, dropping to its slowest rate on record, it was revealed today. “This is significantly below the annual rate of inflation of 4 per cent and places a big squeeze on UK households which are now faced with the twin pressures of high inflation and weak disposable income growth,” the Vocalink FTSE 350 report said.