U.K. Workers Need 8% Pay Rises To Beat Living Standards Crunch

9 comments
  1. “Need” I disagree, we must demand more than that, and a cut in Taxes, still not hearing anyone of the parties making that promise to reduce any of the taxes.

  2. 8% is not enough. Inflation is really way over the reported figures (it seems) and the energy price rises alone would eat a tonne of that 8% for most.

  3. Didn’t the Chairman of the Bank of England say don’t ask for a massive payrise this year? I’m not sure why we can’t ask for it when bankers are getting massive bonuses; are we not worthy?

  4. Sadly the news coming out of many larger firms at the moment is that they can’t give pay rises in line with inflation.

    Which is a real time pay cut.

    I can understand if the government wants to deliver tax relief at the corporation level so that they can pass that on to their workers, but that doesn’t really work if the corporations are going to give below-inflation pay rises.

  5. Recession is 2 successive quarters of negative growth, not 3.

    Of course profits can still be made in a recession. I never said they couldn’t, by and large they will fall though.

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