‘Data from the Office for National Statistics (ONS) showed average regular pay growth in the public sector of 5.6% between January and March. Private sector wage growth was at 7% over the same January-March period.’
General inflation was over 10% Jan-March, whilst food inflation hit over 19%.
Real terms wage cuts for everyone, then – with public sector workers taking the brunt of the hit.
Finally seeing interest rates weigh in on unemployment, but not significantly. This might give some pause to further rate hikes.
Inactivity rate falling is a good sign.
Minimum wage rise vs average means the lowest paid are seeing the smallest real term cuts.
Fiscal drag means these pay rises don’t translate directly to net pay.
Gaslighting to the max.
Largest public sector real term cut is also a true headline
Oooh, another article to bash public sector whilst they strike over pay… Convenient
But I thought the EU mass migration wasn’t forcing down wages?
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‘Data from the Office for National Statistics (ONS) showed average regular pay growth in the public sector of 5.6% between January and March. Private sector wage growth was at 7% over the same January-March period.’
General inflation was over 10% Jan-March, whilst food inflation hit over 19%.
Real terms wage cuts for everyone, then – with public sector workers taking the brunt of the hit.
Finally seeing interest rates weigh in on unemployment, but not significantly. This might give some pause to further rate hikes.
Inactivity rate falling is a good sign.
Minimum wage rise vs average means the lowest paid are seeing the smallest real term cuts.
Fiscal drag means these pay rises don’t translate directly to net pay.
Gaslighting to the max.
Largest public sector real term cut is also a true headline
Oooh, another article to bash public sector whilst they strike over pay… Convenient
But I thought the EU mass migration wasn’t forcing down wages?