Quote Originally Posted by the other bob wilson View Post
And they weren’t exactly calm before Covid/Ukraine. As someone who saw my works pension for this month eaten up by bills in three days, I certainly want inflation down, but it comes to something when an inflation rate of 7:9 is seen as a cause for celebration.
Do you get a state pension ? - if so the triple lock (I think that's what it is called) went up with the rate of inflation ?

If you have a private pension - then your pension fund is no doubt invested in lots of companies, shares, guilds, as well as a whole of other places.

If you are self employed - then sometimes you have good years and sometimes you have bad years - and the money you make depends on the market rate.

The problem most countries have is that inflationary problems re Ukraine are out of our control, same goes for Russian oil.

Would people would accept a payrise when inflation is high and when it comes back down again - they take a pay cut ?