Leap In Unemployment Rate Raises...
News0 min ago
Above inflation payrises = higher inflation = higher interest rates. I assume no one with a mortgage voted labour.
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For more on marking an answer as the "Best Answer", please visit our FAQ.expected to go down? Perhaps but I suspect that will be reversed when inflation starts rising which it will if the government keeps dishing out inflation busting rises. Also this will encouraage more strike action and as is traditional with labour they'll hand out more dosh to them too. I'm so glad I don't have a mortgage.
I'm relaxed about it, TTT. If an independent body is asked to recommend a figure then it's findings should be taken seriously. In this case 5.5% is in line with private sector rises and is less than teachers and nurses wanted to allow them to catch up for real term reductions ove rrecent years. My guess is teh governemnt will wave through a few pay rises for other public sector workers too, including a big rise for junior doctors- it can blame the last government. teh last think Keir wants is a battle with Uniouns and the left of his party. It will cost billions overall but they'll find someone to pay for it, or borrow it and continue to blame the Tories for the high deficit
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