This article picked by a teacher with suggested questions is part of the Financial Times free schools access programme. Details/registration here.
Specification:
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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
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What is meant by growth?
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What is the current growth rate in the UK? Is it in line with the forecasted growth?
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What is the current inflation rate?
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Evaluate the effect that rising inflation above real wage has had on: welfare; cost of living; living standards; savings
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What should the Bank of England do in order to combat the rising cost of living/rising inflation?
Noaf Al-Diraa, Alperton Community School