Editorial June 2023, No. 404
THE LATEST inflation figure of 10.1% surprised many economists. It won’t have surprised many workers —except that it wasn’t higher. The Mirror reported on the day of the announcement, ‘Struggling households are now faced with shocking food prices, with cheese 49% more expensive than a year ago, eggs up 28%, sugar 33% and a white […]
INFLATION HAS reached its highest level since the 1980s. The November rate for the UK was 10.67%. Between September 2021 and September 2022, food prices increased by 14.5 percent. At the same time annual wages rises in the private sector stood at 6.7% and 2.9% in the public sector. The purchasing power of wages has […]
INFLATION IS at its highest level for over 40 years and the rate continues to climb. For workers under the age of 40, this is their first real taste of sustained rising prices. Prices began to rise back in the summer of 2021 but this accelerated in the first six months of 2022. Exacerbated by […]
We don't have to accept the erosion of pay and hiking of profits.
Workers face the biggest cost of living squeeze for a generation
Prices rise at record rates.
Editorial December-January 2021-22, No. 389
For a 1% increase in wages for every 1% increase in prices.