Regular pay grew at an annual rate of 7.8% between April and June but the unemployment rate rose.
  • uberrice@feddit.deEnglish
    1·
    1 year ago

    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