Nurses’ pay is lower in real terms than in 2010
As strikes approach, nurses’ pay is 2 per cent less than it was 12 years ago after accounting for inflation.
ByInflation
Inflation describes how much prices of goods and services are increasing (if they’re decreasing, this is known as deflation). In the UK the main measure of inflation is the Consumer Prices Index. The Office for National Statistics tracks the cost of living through the prices of items in a hypothetical “basket of goods” that includes everyday products and services. Here you can find all of our latest news, analysis and comment about inflation.
What’s worse, inflation or a recession?
We might have to pick our poison.
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How much does it cost to watch a game of football?
Is it cheaper to watch matches at home or the pub? The football cost-of-living crisis – in numbers.
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What if inflation falls in the wrong way?
Bond markets have suggested US inflation could fall by the most since 2008 next year – which could be catastrophic…
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Public sector pay is worth less than at any time since 2004
Inflation and pay freezes mean average public sector pay has fallen by 5.6 per cent since 2010.
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The death of the round
Inflation is killing the camaraderie that came with reciprocal beers.
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We have not “run out of money” to pay strikers
The government’s dodging the crux of the matter: the public sector is expected to provide more for less.
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Rishi Sunak can’t blame financial markets for his spending cuts
Investors panicked by the reckless mini-Budget won’t be happy when the Autumn Statement’s austerity weakens growth either.
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The death of the £3 supermarket meal deal signals a grim new era
Where have all the discounts and cheap promotions gone?
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From the NS archive: Living with inflation
18 August 1972: Save those old tenners, they’ll do for wallpaper.
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It’s time to stop kidding ourselves the Bank of England can control inflation
Only the government can administer the required medicine of subsidies and price controls.
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Rishi Sunak cannot save the housing market
The Prime Minister has done more than most to encourage new buyers into a needlessly overheated market.
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There is no mandate for austerity 2.0 – we need a general election now
The 2019 Tory manifesto promises of extra NHS and school funding now read like a joke.
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Which Tory leader would Labour fear the most?
The economic crisis means Team Starmer believes the Tories will struggle under any new leader.
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Whatever Liz Truss says about welfare cuts, benefits are already in tatters
The Prime Minister may change her mind and raise Universal Credit with inflation, but the damage has been done in…
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How benefits payments have failed to keep pace with inflation
The standard monthly welfare payment is now £52 lower in real terms than in 2010.
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How Brexit broke the UK’s fiscal credibility
The UK’s financial crisis is the product of years spent ignoring economists and businesses.
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Is your pension safe?
Pension funds have been affected by the turmoil in gilt markets, but individual savers shouldn’t be too worried.
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The true cost of Liz Truss’s energy plan is dizzying
It may provide a quick boost for the new Prime Minister, but her intervention could prolong the cost-of-living crisis for…
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Zombie capitalism is unravelling
This crisis is a symptom of a broken model that relied on ultra-low rates to compensate for anaemic growth.
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