Daphne Walliw

Inflation Rate 2024 Uk And Wages. The bank of england has cut interest rates from 5.25% to 5%, the first drop since the onset of the pandemic in march 2020. Service inflation remains high, as do wage settlements, although both are beginning to.

The ‘inflation %’ column indicates how much prices have changed. The national living wage (nlw) increases on saturday 1 april by 9.7 per cent to £10.42, providing a pay rise to millions of workers aged 23 and over across the.