Wages in London dropped to 0.1% month-on-month in July, and the South experienced a decline of -0.3%. In contrast, the North of England saw wage growth of 1.9% month-on-month. This disparity reflects the financial pressures of living in London, where high costs are not matched by wage increases. Many workers are leaving the capital for more affordable regions, leading to a resurgence in the North, which offers higher wage growth and a lower cost of living.
Wages in London and the South of England have declined, contrasting with a 1.9% increase in wages in the North of England since July.
Workers are increasingly aware of the financial challenges of living in expensive cities like London, where wages aren't rising in line with the cost of living.
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