Reply to post: Re: BoJo is very right

BoJo, don't misuse stats then blurt disclaimers when you get rumbled

Anonymous Coward
Anonymous Coward

Re: BoJo is very right

>Each family is supposed to be £4000 worse off, yet they are better off.

Really? In relative terms my salary buys less than it did last year. With inflation currently at 2.6% and the average salary increase this year 2.2%, most people are worse off this year than last.

In absolute terms, someone on the average UK wage (~£27.2k) could buy 35600Euro on May 2016 (average exchange rate May 31 2016 1:1.31). To buy 35600Euro today will cost you ~£31.5k. A person earning the average salary in the UK is now ~£4,300 worse off than they were a year ago compared to the Eurozone. In USD, its about £2,200. However, you want to sell it, we have all had a pay cut compared to our colleagues and peers doing the same job outside the UK.

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