Ten Things You Need to Know Today: 8 August 2023

The Week’s daily digest of the news agenda, published at 8am

1. Is cost of living crisis ‘ending’?

Economists said that average pay is about to start rising faster than inflation for the first time in more than a year. New inflation figures, due next week, are expected to show a fall in the consumer price index from 7.9% in June to about 6.8% last month. Average earnings data, also due next week, is likely to show a rise in wages of slightly more than 7%. “Based on this measure”, Ashley Webb, UK economist for Capital Economics told The Times, “the cost of living crisis appears to be coming to an end”.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up
To continue reading this article...
Continue reading this article and get limited website access each month.
Get unlimited website access, exclusive newsletters plus much more.
Cancel or pause at any time.
Already a subscriber to The Week?
Not sure which email you used for your subscription? Contact us