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Real Wages To Rise For First Time In Six Years, Ey Says

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http://www.bbc.co.uk/news/business-27010326

Wages are set to rise by more than inflation for the first time in almost six years, says an economic forecaster.

EY says a "long period of low inflation" means average earnings could rise faster than the cost of living as early as this month.

It believes low inflation and a strong pound will keep an interest rate rise on hold until the end of 2015.

The auditor also thinks the UK economy will see "decent but unspectacular" growth of 2.9% this year.

Most of that growth will continue to be driven by consumer spending, according to the firm's forecasting group, the EY ITEM Club.

Wages across the country or just in London?

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crashmonitor will be along to tell you that you can buy a 107 for £7k though so it's all good.

Lest I also forget the Shangri La of the Tesco reduced counter.

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http://www.bbc.co.uk/news/business-27010326

Wages across the country or just in London?

And at the same time, on the same news website, we have this article telling us largely the opposite!

http://www.bbc.co.uk/news/education-26992728

"Starting salaries for graduate jobs have fallen overall over the past five years.......The research, based on official statistics, shows that this decline is continuing and perhaps increasing."

Edited by anonguest

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Financial Conduct Authority (FCA) rules, which impose stricter checks on whether borrowers can repay home loans, are "crucial to keeping the lid on the market", particularly in London.

As a result, the report predicts prices will rise by 7.4% this year and 7.2% next year, slowing further to 4.2% in 2016 as the government's Help to Buy mortgage guarantee scheme ends.

:blink:

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I'm looking forward to watching Coalition politicians proudly march around the country in the middle of a cost of housing crisis telling workers that if you ignore the cost of housing things are getting better.

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And at the same time, on the same news website, we have this article telling us largely the opposite!

http://www.bbc.co.uk...cation-26992728

"Starting salaries for graduate jobs have fallen overall over the past five years.......The research, based on official statistics, shows that this decline is continuing and perhaps increasing."

No contradiction there - older workers are getting pay rises, younger workers are getting pay cuts. Advantage to the older ones - seems like a very familiar meme...

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I'm looking forward to watching Coalition politicians proudly march around the country in the middle of a cost of housing crisis telling workers that if you ignore the cost of housing things are getting better.

Also food and energy. This will go down as a sort of phoney recovery when Cameron is ejected.

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No contradiction there - older workers are getting pay rises, younger workers are getting pay cuts. Advantage to the older ones - seems like a very familiar meme...

Yup pensioners are seeing their living standards rise as workers see theirs fall. Got to protect that grey vote at all costs.

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And at the same time, on the same news website, we have this article telling us largely the opposite!

http://www.bbc.co.uk...cation-26992728

"Starting salaries for graduate jobs have fallen overall over the past five years.......The research, based on official statistics, shows that this decline is continuing and perhaps increasing."

So they haven't grown since 1999 because that was my graduate starting salary.

http://news.bbc.co.uk/1/hi/talking_point/3893107.stm

Edited by crash2006

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