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Inflation jumps to 2.9% 
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http://www.guardian.co.uk/business/2010 ... n-december

Anyone would the UK has been printing money. :roll:

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Tue Jan 19, 2010 11:46 am
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Now watch as your bank ups your mortgae rate jumps to meet this as soon as the BoE puts up interest rates while your savings rate somehow doesn't.

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Tue Jan 19, 2010 1:05 pm
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I've just been informed there will be no 'cost of living' pay raises this year. So I've effectively had a pay cut then :?


Tue Jan 19, 2010 2:19 pm
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davrosG5 wrote:
Now watch as your bank ups your mortgage rate jumps to meet this as soon as the BoE puts up interest rates
Thanks goodness for fixed rate mortgages.
As far as savings go, thanks to these bloody bankers and the downturn, I have very little savings left to make money on anyway.

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Tue Jan 19, 2010 2:40 pm
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jonbwfc wrote:
I've just been informed there will be no 'cost of living' pay raises this year. So I've effectively had a pay cut then :?
It was the same last year for me and the same again this year.

Mark

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Tue Jan 19, 2010 2:47 pm
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jonbwfc wrote:
I've just been informed there will be no 'cost of living' pay raises this year. So I've effectively had a pay cut then :?

I think I'm on a pay freeze this year.

My girlfriend has had a 2.5% pay cut, her Christmas pay has been halved and her employer won't be paying "holiday" money either (for each day of holiday, they generally pay an extra couple of Euros).

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Tue Jan 19, 2010 3:00 pm
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timark_uk wrote:
jonbwfc wrote:
I've just been informed there will be no 'cost of living' pay raises this year. So I've effectively had a pay cut then :?
It was the same last year for me and the same again this year.
I had that for five years in a row in one job. Part of the reason why I moved companies.

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Tue Jan 19, 2010 10:25 pm
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l3v1ck wrote:
timark_uk wrote:
jonbwfc wrote:
I've just been informed there will be no 'cost of living' pay raises this year. So I've effectively had a pay cut then :?
It was the same last year for me and the same again this year.
I had that for five years in a row in one job. Part of the reason why I moved companies.


Average earnings for people in the middle has been static for most of the past decade. The cost of living has shot up in that time. :(

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Wed Jan 20, 2010 9:20 pm
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