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This article picked by a teacher with suggested questions is part of the Financial Times free schools access programme. Details/registration here.

Specification:

  • Growth, unemployment, inflation, labour market, living standards, real wage

Click to read the article below and then answer the questions:

Underlying UK wage growth lower than headline figures, think-tank warns

  • What is meant by growth?

  • What is the current growth rate in the UK? Is it in line with the forecasted growth?

  • What is the current inflation rate?

  • Evaluate the effect that rising inflation above real wage has had on: welfare; cost of living; living standards; savings 

  • What should the Bank of England do in order to combat the rising cost of living/rising inflation?

Noaf Al-Diraa, Alperton Community School

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