British unemployment remains near its historical low but wages are still falling in real terms, official data showed Tuesday on the eve of a budget.
The unemployment rate was stable at 3.7 percent in the three months to the end of January compared with the three months to the end of December, the Office for National Statistics said in a statement.
"Although the inflation rate has come down a little, it's still outstripping earnings growth, meaning real pay continues to fall," said ONS economic statistics director Darren Morgan on Tuesday. The data was published one day before finance minister Jeremy Hunt unveils the government's latest budget, against the backdrop of a cost-of-living crisis that has sparked strikes across Britain.
"Tomorrow at the budget, I will set out how we will go further to bear down on inflation, reduce debt and grow the economy, including by helping more people back into work."
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