I assumed it was time I took a take a look at the newest accounts from the Financial institution of England, which bizarrely are, as ever, to twenty eighth February 2023 and never 31 March as firm regulation would appear to require of a subsidiary of HM Treasury, which accounts to the latter date.

There can be extra to debate however I famous this initially within the gentle of Financial institution of England feedback on pay restraint:

Common salaries have risen from  £68,006 to £69,603, or by 2.3%.

Nevertheless, on prime of wage, the common pension contribution has gone up from £17,112 to £20,317, which is a rise of 18.7% within the 12 months.

Mix the 2 and prices have risen from £85,118 per particular person to £89,920 a 12 months, or by 5.6%.

A lot for pay constraints.