According to the Bank Of Englandโs Inflation Calculator, UK inflation from Jan 2023 to October 2023 was 4.4%
Ignoring any further inflation until next January, and assuming youโre fortunate enough to be a higher rate taxpayer, if you want to just keep up with inflation, youโll need a 7.5% payrise (to compensate for that which you lose to tax and NI).
You need more than that to actually get ahead.
Just smash-bought a much bigger than usual stack of sats because, well, Iโm feeling a sense of urgency. You might say I have a high time preference for a low time preference.
What do we want?
A low time preference!
When do we want it?
Now!