Millions face 'worst of both worlds' as cost of living rises but rate for fixing pay and pensions falls to zero

Daily Mail
"But at the same time, an alternative measure of inflation - including house prices and mortgage costs - which is commonly used to calculate pay rises has plunged to zero.
...This means more and more employees are likely to see their pay frozen or even reduced, even as the cost of living surges.This 'double whammy' comes after unemployment reached two million last month and close to 3,000 workers are made redundant every day.
It suggests that families will suffer an intensifying squeeze on their living standards, exacerbating Britain’s deepening recession."