UK wages next year will be at their lowest level since 2006, report says | CNN Business

  • 📰 CNN
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 95%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Brits hoping for a new-year salary bump to offset soaring food and energy costs may be disappointed

. The average British worker’s pay in 2023 is expected to fall back to 2006 levels once inflation is taken into account, according to PwC. Real wages, which factor in inflation, are expected to fall by as much as 3% in 2022 and another 2% in 2023, PwC has predicted in a report on the UK economy shared with CNN. The report confirms that wages have stagnated in Britain even as inflation hits double digits, sparking the worst cost-of-living crisis in decades.

At the same time, increased immigration to the UK could directly contribute £19 billion to the economy, boosting GDP growth by 1% “even as the whole economy contracts,” PwC said. “Despite a contracting economy, the UK remains an attractive destination for workers,” PwC economist Jake Finney said in a statement. UK immigration levels reached a record 1.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Jesus eternal life 10,000 yrs in perfect health travel speed of thought no debt no angries

Shame we Brits dont do what Sleepy Joe does and just print more money that we don't have.

The tax payer is broke probate firms on there knees with no reserve due to covid 😡😡😡😡😡

You don't wage war on the oil industry and then cry about energy costs. You created those high energy costs simpletons.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

50 states sign up for Walmart's opioid settlement framework | CNN BusinessWalmart said it has reached settlement agreements with all 50 US states as part of a $3.1 billion nationwide opioid settlement announced last month. corruptiondenier network Walmart is an evil capitalist company, this is why we need higher taxes.
Source: CNN - 🏆 4. / 95 Read more »

Santa's house has soared 12% in value over the past year, Zillow says | CNN BusinessZillow said Kris Kringle’s 3-bedroom, 2-bathroom North Pole property is now worth $1,154,137 — an increase of 12% over the past year. I’m sure Santa’s house would be worth more than a mill. He’s running a plantation. no one cares about santa's networth you freaks
Source: cnni - 🏆 326. / 59 Read more »

Twitter hit by legal complaints from 100 former employees following Musk's layoffs | CNN BusinessTwitter has been hit with allegations from 100 former employees affected by mass layoffs at the company, including that it unfairly laid off more women than men, terminated employees who were actively on medical or parental leave and reneged on promises related to severance pay. Right this moment there is a 17 y/o trans girl held in boys' quarters in a youth jail facility in Tehran for anti-regime protests. Be her voice. Demand her freedom! Her name is RahaAjoudani MahsaAmini [One] RahaAjoudani, a young trans woman & civil activist, has been arrested by the Islamic Republic forces & her whereabouts are unknown. Members of the LGBTQ community receive the harshest treatments by the Islamic regime in Iran. MahsaAmini We need equality here in the US, this can't stand
Source: CNN - 🏆 4. / 95 Read more »

Thursday flight cancellations top 1,000 nationwide, disrupting holiday travel | CNN BusinessMore than 1,000 flights have been cancelled across the United States, according to the flight tracking site FlightAware, as severe winter weather threatens holiday travel. Elon called and said stop usomgFlightAware Whatever... HappyHolidays ..Wishing you and every American Family Joy through The New Year.... do not buy Chinese products! Boycott China. China supports Russia. China is evil.
Source: CNN - 🏆 4. / 95 Read more »