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UK inflation falls to lowest level (7.9%) in more than a year

22 pointsby sarrephalmost 2 years ago

6 comments

c7DJTLrnalmost 2 years ago
UK is unbelievably fucked. Real wages have collapsed since the last recession, now they&#x27;re collapsing even further, and the Bank of England want everybody to just accept this and not ask for payrises. The middle class in the UK is evaporating.<p>I&#x27;ve long been considering leaving. I&#x27;m tired of feeding this system a significant chunk of my salary and getting nothing back.
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veavealmost 2 years ago
I don&#x27;t know about inflation in the UK but I live in the EU and according to the article the inflation here is 5.5% and that&#x27;s an absolute joke. Price of most things including food or energy has increased by 50% at least
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jjgreenalmost 2 years ago
The Retail Price index (RPI) is at 10.7% <a href="https:&#x2F;&#x2F;www.ons.gov.uk&#x2F;economy&#x2F;inflationandpriceindices&#x2F;timeseries&#x2F;czbh&#x2F;mm23" rel="nofollow noreferrer">https:&#x2F;&#x2F;www.ons.gov.uk&#x2F;economy&#x2F;inflationandpriceindices&#x2F;time...</a>
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joefifealmost 2 years ago
At a tangent - I&#x27;m quite worried about software licencing costs due the divergence in fortunes of the USA and the UK.<p>As a UK small business, we&#x27;ve seen software licencing rises between 10 and 40% this year, on software purchased from US companies. Clearly, those companies must price for their home (and much larger) market. But, it is making it much harder to budget for software commitments, and to buy the tools needed to run and secure small and medium businesses.<p>I realise this isn&#x27;t a problem to enterprise, and there&#x27;s nothing anyone here can do - this is just my observation working in the SME space in the UK.
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Mindwipealmost 2 years ago
This is like cheering that we are killing fewer Dodos than ever.
LatteLazyalmost 2 years ago
That&#x27;s right, All this pain and still 7.9%. Who knew that electing morons and voting for brexit to smash the system might have consequences?
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