Inflation is shooting past wage growth in the U.K., as energy and food prices surge
LONDON—British households are facing the biggest fall in real incomes in 30 years as inflation gallops ahead of wage growth, a stark illustration of the challenge facing central banks as they try to tame prices without snuffing out recoveries from the pandemic.
The Bank of England forecasts that average incomes in Britain after accounting for wage growth, inflation, tax increases and benefit changes will fall by 2% this year—the steepest decline since comparable records began in 1990. The pinch is expected to hold back the broader economy just when it needs all engines firing to propel itself clear of the slump caused by the pandemic.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Adrian Peterson Arrested for Domestic ViolencePeterson has had other run-ins with the law in the past, including alleged child abuse.
Weiterlesen »
Inflation fears are overblown — five reasons why you need to buy the dip in stocksOPINION: The Federal Reserve hiked rates so much in the late 1970s and early 1980s that it slammed the economy into a painful recession. Here’s why that’s not going to happen this time around, columnist mbrushstocks writes.
Weiterlesen »
Inflation hurting Valentine's Day celebrationsTraditional Valentine's Day celebrations and gift exchanges might look a bit different this year now that inflation has hit a fresh 40-year high.
Weiterlesen »
Here's how to curl: Tips from Team USA's curling teamPeter and Kristen from Weekend TODAY learned about the ins and outs of curling, and you can too!
Weiterlesen »
Don’t drink and drive on Super Bowl Sunday, it could cost youSunday is one of the biggest days of the year for drunk driving nationwide.
Weiterlesen »