RE: Pay Rises29 Nov 2023 12:41
Think the doom and gloom on interest rates needs to be offset against the wage increases as well. Seems some comments are very much around mortgage increases but no income increase? From my own and wife’s perspective, mortgage rate went from 1.49 to around 5%+ tracker…..ouch, didn’t fix again as happy to wait for dates to move down, again a lottery as to the when., yet we’re better off due to income increases. And yes wish I’d had the foresight to fix for longer back in 2020 :-(
Also got to consider an element of the country who are becoming better off through higher savings rates/pension increases etc. nor does everyone have a mortgage.
Lots of factors that people far brighter than me understand, but I’d prob also digress that some of the ‘lower’ earners and spenders are not necessarily the whole gym/protein market
Anyways…..GLA and look forward to some news soon :-) whether this be Jan tracing update or sooner