Productivity Bang News Today : Breaking News, Live Updates & Top Stories | Vimarsana

It's notjust the wage bill that is going up in companies like this. there is the fuel costs in the supply chain, soaring energy bills to heat or cool their buildings. all of that will feed through into higher prices, inevitably, which means inflation will offset some of the wage rise that some people are getting, and make life very difficult for those that aren't getting them. construction is also feeling the squeeze. firms are poaching staff from each other with offers of more money. but paying more doesn't mean walls get built any faster. talk me through the programme? the boss of this const...

Were on furlough or reduced hours. if you adjust for that, wage rises are closer to 4%, higher than inflation, which is currently at 3.2%, but that is expected to rise. it's notjust the wage bill that is going up at companies like this. there is the fuel costs in the supply chain, soaring energy bills to heat or cool their buildings. all of that will feed through into higher prices, inevitably, which means inflation will offset some of the wage rise that some people are getting, and make life very difficult for those that aren't getting them. construction is also feeling the squeeze. firms are...

Higher than last year. but that was when many workers were on furlough or reduced hours. if you adjust for that, wage rises are closer to 4%, higher than inflation, which is currently at 3.2%, but that is expected to rise. it's notjust the wage bill that is going up in companies like this. there is the fuel costs in the supply chain, soaring energy bills to heat or cool their buildings. all of that will feed through into higher prices, inevitably, which means inflation will offset some of the wage rise that some people are getting, and make life very difficult for those that aren't getting the...