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More Than 40% Of Companies In The UK Intend To Align Their Salary Increase With Inflation / New Zealand Government Lowers Epidemic Prevention Alert To Level 3

More Than 40% Of Companies In The UK Intend To Align Their Salary Increase With Inflation

The Confederation of British Industry (CBI) released its latest survey on Monday (20th) and showed that among the corporate members it interviewed, 44% of the companies expressed their intention to keep salary increases in line with inflation. Among them, 24% of companies expressed their willingness to increase their wages beyond inflation. In other words, nearly 70% of the interviewed companies support salary increases. According to the CBI, this ratio is the highest since there was a similar survey in 2009. The above report may increase the pressure on the Bank of England to raise interest rates. Because if British inflation is not under control in the short term, British companies will be forced to increase their salaries, and once salaries rise, it will push up inflation and create a vicious circle. Therefore, the above-mentioned factors will put pressure on the Bank of England, which must hurry up to suppress inflation before the company increases salaries.


New Zealand Government Lowers Epidemic Prevention Alert To Level 3

Prime Minister Ardern of New Zealand announced that starting Tuesday (21st), the Auckland epidemic prevention alert will be reduced from Level 4 to Level 3, which means that up to 10 people will be allowed to participate in contactless wedding services, but schools and offices will still be closed and companies will only be able to provide Contactless service. Prime Minister Ardern reiterated that the authorities adhere to the anti-epidemic strategy of eliminating the virus and the relevant work is still ongoing. Therefore, only the level 3 alert has been reduced, and he is confident that there is no large-scale undetected transmission in the local area, while the rest of the country maintains level 2 Epidemic prevention alert.

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