All articles tagged with #pay rises
Italy has announced a €24 billion stimulus package aimed at boosting the country's faltering economic growth. The plan includes tax cuts and pay rises, with the goal of stimulating consumer spending and investment. The government hopes that these measures will help revive the Italian economy, which has been struggling with low growth and high levels of public debt.
The Bank of England's chief economist, Huw Pill, has sparked backlash after saying people need to accept they are poorer otherwise prices will keep soaring. Small businesses and unions have hit back at his comments, saying they are "out of touch" and that firms have been left with no choice but to pass on the "huge increases they have seen for energy and input costs" to customers. UK inflation hit 10.1% in the year to March, and part of the Bank of England's role is to try to keep inflation at its target rate of 2%.