BBCNEWS Breakfast June 4, 2024 06:33:00
But as predictions of a recession grow, the bank of england says that could change very quickly and dramatically. and the important question here — more people might be working — but how far is their pay going? the amount landing in your bank account rose on average by 5.7% in the year to september, but once you factor in inflation — how quickly prices are rising — in real terms pay fell by nearly 3%. have a look at this. the red line showing how quickly prices are rising. the others showing private and public average wage increases. it's as we came out of the pandemic that prices bega...