News

Economics class: Underlying UK wage growth lower than headline figures, think-tank warns

This article picked by a teacher with suggested questions is part of the Financial Times free schools access programme. Details/registration here.

Specification:

  • Growth, unemployment, inflation, labour market, living standards, real wage

Click to read the article below and then answer the questions:

Underlying UK wage growth lower than headline figures, think-tank warns

  • What is meant by growth?

  • What is the current growth rate in the UK? Is it in line with the forecasted growth?

  • What is the current inflation rate?

  • Evaluate the effect that rising inflation above real wage has had on: welfare; cost of living; living standards; savings 

  • What should the Bank of England do in order to combat the rising cost of living/rising inflation?

Noaf Al-Diraa, Alperton Community School

Articles You May Like

Trump under investigation for possible violation of US Espionage Act
Author Salman Rushdie stabbed at event in New York
House approves Biden’s flagship climate and tax package
Is the UK housing market at a turning point?
Celsius community rally to perform another short squeeze attempt