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UK wages grow at record rate
(www.bbc.co.uk)
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this post was submitted on 15 Aug 2023
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You know. I'm Swiss, so a lot of this inflation is very evident to me.
In 2022, 1 CHF was around 0.8GBP. Now, in 2023, 1 CHF is around 0.9GBP.
Guess what, that 8% pay rise was lower than inflation. 8% on top of 0.8 is only 0.864.
Without any more pay in Switzerland, I got an effective raise higher than these 'great' 8% in GB