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MSE News: Below inflation pay rises predicted
Former_MSE_Helen
Posts: 2,382 Forumite
This is the discussion thread for the following MSE News Story:
"Workers in the UK will receive another below-inflation pay rise next year, a new report predicted today ..."
"Workers in the UK will receive another below-inflation pay rise next year, a new report predicted today ..."
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The article assumes all organisations will give a pay rise. im still on the same salary i was on 3 years ago, no inflation pay rise at all, effectively im on less than i was 3 years ago. The company makes profit year after year but gives none of it to employees. The same will happen next year. Its catch 22, the more money people have the more they spend and the economy benefits as a whole. If the government helped instead of facilitating price rises through increased tax and VAT im sure wed all be seeing an improvement.0
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The problem is if you give pay rises in line with inflation it may well compound the problem further resulting in even higher inflation because inflation is currently being caused by external factors.
Also interesting to note is the group of people that are expected to get the biggest payrises. Now why doesn't that surprise me at all.
After all, we're all in this together.
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Workers in the UK will receive another below-inflation pay rise next year, with firms budgeting for a 3% increase, a new report predicted today
But surely, if the forecasts are right, a 3% pay rise will be ABOVE inflation next year ?0 -
But surely, if the forecasts are right, a 3% pay rise will be ABOVE inflation next year ?
When was the last time you saw a correct forecast oldvicar.
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shortchanged wrote: »When was the last time you saw a correct forecast oldvicar.
Can't remember!
I didn't say I believed the forecasts. I am presuming that inflation just might be a teeny tiny tad higher.0 -
Remind those of us in small private sector employment what a payrise is again?Adventure before Dementia!0
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Again - Im public sector (forces) and didnt get a rise in apr this year - and wont be getting one April next either.
Thats effectively a pay cut. At present I think anyone who actually gets a raise of any sort is doing well TBH, regardless of whether its below inflation.0 -
Better off opting out of work, 5.2% rise for some0
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Never had more than 1% pay rise but then everyone got something different0
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My salary including bonus went up by 21% since last year (from 28->36, IT industry). The year before +5%, the year before that -6% (+redundancy).
Still, my salary is supposedly still below the rate I could get if I switched jobs right now (and certainly lower than some of my friends).
I think if you're struggling to get 1%, then you should seek alternative means of income, such as a 2nd job, selling stuff online (which is what I do).0
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