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7% rate increase needed to keep up with inflation.

9 Dec 2021 4:54 PM | Admin (Administrator)

A report by the  Institute for Fiscal Studies says that "an individual with a salary income of £30,000 in April 2021 (and post-tax income of £24,060) would need to see nominal wage growth of 7.1% to April 2022 to maintain the same standard of living given the forecast 5% annual inflation rate.”

Off the back of this, Bectu are asking for feedback on the rates cards. If you'd like to feedback, you can do so by filling in this form. The Art Department branch will also do a rates survey next year in preparation for the next issue of the rate card. 

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