U.K.’s Inflation Rate Declines, Remains Second-highest in Western Europe
Allwork
MAY 24, 2023
If the high inflation rate continues to chip away at the average spending power of workers, whose pay is rising at a slower pace, then there will be an increased pressure on employers to raise wages to keep up with the cost of living. These economic concerns are amplified by factors such as the post-pandemic reduction in the U.K.
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