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Economics

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Bazoaxe Jan 2022 12:34pm, 31 Jan 2022 21,945 posts	Quote Pin Bazoaxe haha, lets see...if I get a payrise it will not offset the rising costs, There are other ways of managing as well, but most of which relate to saving less, but some of these then have a double whammy as putting less into my pension for example means I pay more tax To be fair I am very lucky in that I can find ways to manage. The impact on many others though and how they will make ends meet is very worrying
lammo Jan 2022 12:45pm, 31 Jan 2022 11,064 posts	Quote Pin lammo Indeed, my payrise won't (isn't) offset the rising costs, am sure we'll be ok though as long as we keep our jobs
Fields Jan 2022 12:55pm, 31 Jan 2022 2,369 posts	Quote Pin Fields There’s been no pay rise for 18 months for virtually all of my colleagues
Bazoaxe Jan 2022 1:12pm, 31 Jan 2022 21,947 posts	Quote Pin Bazoaxe We had no payrise in April 21 (), but there was one in April 20 albeit not much. April 2019 no one earning £75k+ (I am not in that group) got a payrise and the small pot was shared around the under £75k earners () By virtue of taking a new job I did get a payrise that went with the new role which was very fortunate.
GlennR Jan 2022 9:51pm, 31 Jan 2022 61,406 posts	Quote Pin GlennR Lots of focus on NI and energy price rises, but the upcoming CPI plus 3.7% rise in phone and broadband prices is going to hit people too.
Bazoaxe Feb 2022 8:25am, 1 Feb 2022 21,956 posts	Quote Pin Bazoaxe Yes, forgot about those Glenn. I have heard talk of Virgin raising prices but nothing formal from them yet. Might need to negotiate although my current deal is a pretty good one and includes a free unlimited SIM which saves on phones cost. For phones I pay for my wife and daughter but their contracts end in March/June and so I will have a saving there as they go to SIM only. That said my wife has her eyes on an upgrade, but my daughter is working and earning and o the deal is if she upgrades, she pays but I will pay SIM only if thats what she does (as we did with my son when he started working)
HappyG(rrr) Feb 2022 8:28am, 1 Feb 2022 41,246 posts	Quote Pin HappyG(rrr) What's a payrise?! G
lammo Feb 2022 10:34am, 1 Feb 2022 11,068 posts	Quote Pin lammo Yes good point Glenn that is quite some rise
lammo Feb 2022 11:39am, 1 Feb 2022 11,071 posts	Quote Pin lammo bbc.co.uk Increasing rises in house prices too, i'm assuming a rate rise would start to slow that, which must be a good thing surely, rate of increase seems unsustainably high right now
lammo Feb 2022 8:25am, 3 Feb 2022 11,082 posts	Quote Pin lammo So, todays the day, any predictions? I think we might get a .25% rise