BBCNEWS Breakfast June 4, 2024 06:13:00
Average wages, including —— excluding bonuses, went up by 7.3%. the highest rate of increase for 20 years if you exclude the period of the pandemic. on the face of that sounds great. but people are not feeling 7.3% better off of course, although wages are rising, so are average prices. inflation is a .7%. so, because wages are not keeping up with that, people's pay is not keeping up with what they are spending money on. things like food, fuel, energy bills. so, in real terms, once you factor in inflation, wages fell by 0.8%. so, this is the latest snapshot of jobs and wages fell by 0.8%. s...