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BBCNEWS BBC News at Six November 4, 2021 18:26:00 - Vimarsana News

BBCNEWS BBC News at Six November 4, 2021 18:26:00

The wage packets. all the gas—related price rises have come through in rock glass terms, circa 30%. drivers wages, 26%. the last four months. general wages, 10% in the last 12 months. should inflation get to 5%, i don't believe that that level of inflation and cost purchase we have seen in a business is sustainable at all. but that's exactly what the bank of england is now forecasting that means interest rates will go up, just not at today's meeting. heading to around 1% in the next year. so, rates are on hold this month, but they're going up in the nearfuture. it was a close—run thing, be...

BBCNEWS BBC News October 4, 2021 13:09:00 - Vimarsana News

BBCNEWS BBC News October 4, 2021 13:09:00

Step back from that, what happens is hgv drivers wages go up, but so will places in the shops — micro prices in shops that hgv drivers contribute to, because when you have your goods taken to the supermarket the costs matter. so hgv drivers's wages will go matter. so hgv drivers's wages will 9° up matter. so hgv drivers's wages will go up and everybody else's wages in terms of what they can actually buy will come down and that is a relative change in wages, it is not about overall wages the economy going up. about overall wages the economy auoin u -. ,, ~ about overall wages the economy oii...