, according to the Bank of England, which believes the jobless rate could hit hit 6.5%.
The Truss government's growth plan exacerbated problems as financial markets called into question the UK's economic credibility, making imports more expensive through a collapse in the value of the pound.Other implications included a rise in fixed-term mortgage costs, adding to households' growing bill mountain.
Jeremy Hunt, the chancellor, will deliver his autumn statement to MPs on Thursday with little firepower to help alleviate the overall pain.'Taxes will increase for everyone' He told Sky News on Sunday that everyone faced higher taxes as the government, now led by Rishi Sunak, aims to take a more sustainable approach to the public finances.
It is believed the package will be designed to save about £50bn from annual borrowing in the medium term.
Headline should be wage stagnation less than the torries hoped, as inflations over 10% but wages rose 5.7%
The increase started with HGV1 drivers when they new there was a shortage of drivers. With the trend is still following across the employment sector. My firm gave out a 12% bin men only got 4% as many only got.
But in real terms they’ve fallen.
Well yes - that’s obvious, this is the outcome that has been commentated on for months. Negative growth, lack of work force and cost of living increase.
Entertainment Entertainment Latest News, Entertainment Entertainment Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: TheSun - 🏆 64. / 61 Read more »