13-08-2022, 09:39 AM
(13-08-2022, 07:53 AM)p1acebo Wrote: No ahneh please
https://bookies.com/news/next-uk-prime-minister-odds
Ahneh can ask Modi for help mah!
![Rotfl Rotfl](https://sgtalk.net/images/smilies/Animated/rotl_s.gif)
https://www.theguardian.com/business/202...-inflation
Biggest UK fall in real wages for 100 years looms, warns TUC
Study shows pay rises could fall behind inflation by 8% later this year, an unprecedented drop in living standards
Pay rises could fall behind inflation by almost 8% later this year, marking the biggest fall in real wages for 100 years, according to analysis by the TUC.
The TUC said a prediction by the Bank of England that inflation would jump to 13% in the fourth quarter of this year at a time when wages were expected to increase by just 5.25% meant living standards would fall by an unprecedented 7.75%.
The figure was calculated by looking at the impact of inflation on workers’ living standards using the latest Bank forecasts. The TUC said that workers had not suffered such a severe and prolonged decline in wages relative to inflation since the 1920s.