BBCNEWS Breakfast June 4, 2024 07:13:00
Where you work makes a difference. for those in the private sector, average pay rises were higher at 7.3% compared with 4.2% in the public sector. quite a lot of numbers. those figures alone do not tell the full story. when you factor in inflation, that is the average rise in prices for goods and services, in real terms average wages actually fell compared with the year earlier. inflation is at 10.5% by nearly 40 year high. that means typically if people something for £100 a year ago, it would now cost £110.50. if you wages do not go up cost £110.50. if you wages do not go up by the same am...
Source: archive.org