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BBCNEWS BBC News at Ten February 16, 2022 22:20:00 - Vimarsana News

BBCNEWS BBC News at Ten February 16, 2022 22:20:00

But, no, it isjust how it's going to be, isn't it? you're frightened to use them, now. these price pressures would be more bearable if wages were keeping up. but, as the treasury acknowledges, so far they're not. over the last year, average wage rises were distorted by people coming back off furlough to full wage packets. at the last look, they're rising at under 4%. meanwhile, prices have been rising steadily and overtook wages late last year. when those lines cross over, it means on average people are getting poorer every day, with public sector workers and pensioners among the hardest hit. ...

BBCNEWS Outside Source February 16, 2022 19:49:00 - Vimarsana News

BBCNEWS Outside Source February 16, 2022 19:49:00

Meanwhile, prices have been rising steadily and overtook wages late last year. when those lines cross over, it means on average people are getting poorer every day, with public sector workers and pensioners among the hardest hit. painful for individuals, but also very uncomfortable for the government, which won't want to see it persist. but it's about to get worse with real implications for the public finances. in april, a 54% rise in energy bills and a £6 billion tax hike on wages will push prices even higher. increasing the cost of the government's inflation—linked debt repayments. rising...

BBCNEWS BBC News February 16, 2022 20:47:00 - Vimarsana News

BBCNEWS BBC News February 16, 2022 20:47:00

It is a constant pressure. petrol prices hit a new record this week and the recent surge in the cost of crude oil means more pressure is in the pipeline. i can't afford to live as it is. i'm getting rid of my car because i can't afford to keep it any longer. i'm happy to get buses and stuff moving forwards. it would have gone to half a tank. it's gone tojust over a quarter now. i only put £20 in obviously. but no, it isjust how it's going to be, isn't it? you're frightened to use it, now. these price pressures would be more bearable if wages were keeping up. but as the treasury acknowledges, ...