UK wage growth lags rising cost of living

21 comments
  1. UK energy bills have risen 54%, France only 4%. The Tories are not the party of good economics as they’d like you to believe.

  2. I feel like this has been the case for the last 12 years or more? I graduated from uni and worked for the NHS for some time. We were only getting 1% pay rises even then..

  3. Everyone’s annual pay review will be an effective pay cut this year. Bar CEOs, obviously, because why should those heroes go without?

  4. No shit. I was looking forward to the NMW going up to £9.50 per hour. Instead, the fucking National Insurance was hiked up so that extra 53p per hour disappears. So, instead of busting my arse for £8.97, i get to basically work for the same wage because of NI going up. Instead of seeing more spare cash become available. Hell, it’s gonna to require a fucking loan to buy a goddamn freddos. And then, we’ll need to use Freddos to buy freddos.

  5. We need to have a grown up conversation about what is actually happening here. On reddit and other such places we’re led to believe that it’s purely the uk facing these issues and most attribute them directly with brexit. However thus is happening in virtually every western country.

    The uk is facing staggering hikes to household bills that will affect many. France is now home to almost a quarter of all foodbanks in Europe. Germany is close to having a million homeless. There’s a much larger force at play and we’re all squabbling over the bottom rungs.

  6. My VISA application is currently being processed. Job offer abroad secured. Cannot wait to leave this country. Sick of being abused by the government and being told the solutions to any problems are to tax me more. Sick of being told I’m greedy/entitled for wanting to be able to afford Netflix and the occasional meal out whilst working full time.

    I have a PhD and work as a professional. I’m what most people would consider successful but still struggling to get by and things get worse month by month.

    Been waiting 3 years for an NHS appointment to even just *look* at my dodgy ankle that makes it hard for me to walk. Obviously the solution to this is to tax me more. I’m sure that extra money wouldn’t be sent abroad to fund rubbish or spent on extra clerical assistants in the NHS (we need 4 pencil-pushers per ward right?).

    This country is abusive & exploitative. The system is designed to extract everything from you, and will keep doing so until you’re crushed. I’m done with it.

  7. Two things worth bearing in mind,

    – Firstly, the BBC are quoting the Average Weekly Earnings data, which is based on a survey. The HMRC PAYE data (which is not survey based and instead drawn from tax receipts of employees) reflected that median earnings were up 6.3% in January, so almost 1% real wage growth.

    – Second, pay reviews for the private sector tend to happen in Jan and April (the latter accounts for *half* of all annual pay reviews). Today’s AWE data is for the 3 months *ending in December*, and will therefore not capture the pay reviews which are heavily frontloaded in the early months of the year.

  8. The real story is BBC really getting a sloth’s-eye view of what constitutes ‘breaking’ news.

  9. BuT tHe EcOnOmY iS gRoWiNg

    So what? If we don’t see *any* benefits of a stronger economy, who the fuck cares?

  10. Why is this news? The general public have known this since opening their last electricity bill or going to the shops? Literally, bbc news is a waste of time

  11. Did the government pay a Think Tank to come to this conclusion?? I’d like a job at one of these Think Tanks, seems like they are never short of useless things to think about

  12. No shit, I just paid £600 for 4 months of energy use. Our household’s energy cost has gone up by 207% with no significant increase in consumption.

    And get this. I had a look at dual fuel energy tariffs on British Gas. Yesterday 2023 v3 tariff was £199/month until Dec 2023. Today the same tariff is £243 until Dec 2023.

    Fu*k me sideways. Seriously?

  13. Some Industries faired better than others for sure. My whole team got 12% payrises plus bonuses. I wish they’d report payrises by sector or something.

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