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Daily Record
Daily Record
Lifestyle
Mya Bollan

Money calculator works out pay increase needed with inflation as workers lose out

Last year saw the worst 12 month period for wage growth in half a century as many continue to battle against the cost of living crisis.

Across Scotland and the rest of the UK, people are feeling the pitch more than ever as income struggles to keep up with increasing outgoings - whether it be increase mortgage rates, food shops soaring or a bigger monthly energy bill.

Research carried out by Furniture At Work found that the average pay rise between December and February was 6.6 per cent. But when comparing this increase to inflation - 10.1 per cent - it means that most people across the country basically accepted a pay decrease over the last year.

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