BBCNEWS BBC News at One June 4, 2024 12:18:00
But theyre still not keeping up with price rises, the average workers getting significantly poorer. whats not to like about faster than expected pay rises? the problem from the bank of englands point of view is that employers might have to charge higher prices in order to cover the higher cost of their pay bill, and then employees might think they need a bigger pay rise to cover those higher prices, and then you get a wageโprice spiral where both of them keep on rising. thats what the bank of ...
Source: archive.org