GreatAlbatross@feddit.ukM to United Kingdom@feddit.ukEnglish · 11 months agoUK wages grow at record ratewww.bbc.co.ukexternal-linkmessage-square18fedilinkarrow-up130arrow-down11cross-posted to: personalfinanceuk@feddit.uk
arrow-up129arrow-down1external-linkUK wages grow at record ratewww.bbc.co.ukGreatAlbatross@feddit.ukM to United Kingdom@feddit.ukEnglish · 11 months agomessage-square18fedilinkcross-posted to: personalfinanceuk@feddit.uk
minus-squareuberrice@feddit.delinkfedilinkEnglisharrow-up1·11 months agoYou 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
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