Economic news

Fifth of Britain’s population earns less than poverty line

Every fifth person working in the UK still gets wage, which is below the cost of living, according to new research, conducted by IHS Markit.

The real subsistence wage, which currently stands at £8.45 per hour within the country, is an hourly rate of payment set independently and updated annually.

Inflation jumped to a five-year peak of 3 percent in September, and KPMG on Monday said that UK consumers consider that the cost of living will increase obviously over the next year.


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