Why do you continually clog up this board with your cut and paste politics? Why not post this shit on the other board? That’s what it’s there for.
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The Bank of England put its interest rate up half a point to 4 per cent; it revised its forecast for the economy this year – it will shrink by just 0.7 per cent rather than 2 per cent – and inflation will fall to 3 per cent a year from now
Perhaps a 8/9% rise for all is a sensible approach considering what's been declared.
It's a pity you can have fluctuation in pay like pensions based on the circumstances that exist at the time ..
Why do you continually clog up this board with your cut and paste politics? Why not post this shit on the other board? That’s what it’s there for.
Has an economist ever made a correct forecast for inflation, interest rates, GDP or any other metric?
All things being equal, inflation will fall pretty rapidly from April. Not because of some rapid improvement in things but because it is that month last year when things rapidly shot up.
I saw a comment the other day about workers striking because they're seeking a 10% payrise.
Because inflation is going to drop to 3% they asked if the striking workers would take a 7% paycut next year to account for the drop 🙄
These people vote ffs.
Yep, I suspect that the circa 10% rises are pretty baked in now.
It was a comment on WOL. I doubt they had a basic understanding of how the inflation rate is calculated.
My solution? Get the Govt around the negotiation table for starters. Base any award over at least 2 years to account for next years likely lower inflation rate. Offer a one-off payment for this year in addition to a wage increase. Offer, where possible, a reduction in hours/change in shifts, in exchange for a rise.