The UK's economic recovery has been described as "joyless" by the Trades Union Congress (TUC) after official data showed inflation is on the rise.
Figures revealed by the Office for National Statistics (ONS) earlier in the week showed inflation increased to 2.7 per cent in May, up from 2.4 per cent in the previous month.
Frances O'Grady, general secretary of the TUC, explained how the "wage squeeze" in the UK appears to be no closer to coming to an end.
She said: "40 consecutive months of real wage falls means people have less to spend on the high street and are why economic green shoots are not being felt across the country."
Ms O'Grady stated the UK's economic recovery will need to deliver growth in wages and "better jobs" in the coming weeks and months.
In the first quarter of the year, the UK's economy grew by 0.3 per cent to help the country avoid slipping into an unprecedented triple-dip recession.
Find up to date information on the FTSE 100 and spread betting strategies at City Index
GAIN Capital UK Limited (trading as “City Index”) is an execution-only service provider. This material, whether or not it states any opinions, is for general information purposes only and it does not take into account your personal circumstances or objectives. This material has been prepared using the thoughts and opinions of the author and these may change. However, City Index does not plan to provide further updates to any material once published and it is not under any obligation to keep this material up to date. This material is short term in nature and may only relate to facts and circumstances existing at a specific time or day. Nothing in this material is (or should be considered to be) financial, investment, legal, tax or other advice and no reliance should be placed on it.
No opinion given in this material constitutes a recommendation by City Index or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although City Index is not specifically prevented from dealing before providing this material, City Index does not seek to take advantage of the material prior to its dissemination. This material is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.