NIESR says inflation will rise to 3.4%,well above OBR forecast, prompting real-terms gash in takehome payBritish workers will see their disposable incomes shrinking this year as a result of rising inflation that will peak at 3.4%, or a leading economic thinktank has warned.
The National Institute of Economic & Social Research said that wage rises would be capped at only 2.7% on average,leaving workers to face the largest real-terms gash in their takehome pay since early 2014. Related: UK tall street sales feeble as shoppers focus on buying essentials Continue reading...
Source: theguardian.com