Wages fall at sharpest rate on record

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Regular pay fell at the sharpest rate on record between April and June, official figures show.

Wages - when taking into account rising prices - dropped by 3% on the year, the Office for National Statistics said.

Household budgets are being hit by soaring energy bills as well as higher food and fuel costs in recent months.

The rise in prices has fuelled the UK inflation rate to 9.4%, with warnings the economy will fall into recession.

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