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Topic History of: Gordon's latest brainwave
Max. showing the last 5 posts - (Last post first)

Author	Message
Caruthers	It's the way of the world unfortunately, for the vast majority of the working population, growth in wages never matches the inflation rate; sad but true, no matter what government are running the show!
In The Know	Even if there were no further increases on power bills for the next 3 years - unlikely? - the bill would have increased by appx 25%, whereas the wages would have risen by less than 9% (as the proposed rises are to be staged and are therefor not 3% per year - more like 1.9% per year).
Paddy	I agree with you about the point, but think your estimate that bills would increase by 75% in three years a little excessive.
In The Know	Gordon thinks people should do 3-year wage settlements, as it helps long-term planning. WHOSE long-term planning though? Imagine settling for say a 3% wage rise for each of the next 3 years and then along comes nPower (and others) who put up your gas and electricity by 25% (a year ?) I hope people don't fall for it.