Business Live with Ian King: Real wage growth at highest level for 25 months as inflation eases

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Watch Business Live with Ian King, as the big drop in the rate of inflation means real wages are growing at their highest pace since September 2021 in the three months to October, according to official figures.

The Office for National Statistics (ONS) reported basic pay was 7.3% higher compared to the same period last year.

That was down from an upwardly revised level of 7.8% reported last month - the fastest drop since the end of 2021 - but it took real wages, when inflation is taken into account, to their highest level in 25 months

Plus, food and drink sales at UK railway stations are facing regulatory scrutiny over fears the £700m market lacks effective competition, meaning passengers are paying over the odds

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