Monday, March 10, 2008

Is Inflation Running away in the UK - Wages go up but not enough!

Take-home pay this year is expected to fail to keep pace with the rise in the cost of living, a comprehensive pre-Budget survey for price comparison website u-Swith.com suggests, the Times reports. British workers will be taking home an extra gbp 44 a month on average after this year's pay rises, but families are facing an increase of gbp 148 a month in essential living costs, it says. The survey suggested suggested that the average pay rise in Britain this year would be 3.4 per cent, compared with a 9 per cent rise in household bills.
10 March 2008 10:52:03

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