Brexit DOOM™: Bloodbath in the City

[BlasterBates]

It's not a pay cut, their pay will increase.

This is beginning to remind of that novel "1984"....

Well lets just say they're going to be poorer

[AtW]

This is beginning to remind of that novel "1984"....Well lets just say they're going to be poorer

A paycut is a paycut, it's not the same as salary not increasing in line with inflation.

[northernladyuk]

A paycut is a paycut, it's not the same as salary not increasing in line with inflation.

Agreed. That would be a pay cut in real terms.

[AtW]

Agreed. That would be a pay cut in real terms.

But what's real?

[shaunbhoy]

But what's real?

Brexit

HTH

[northernladyuk]

But what's real?

http://www.ezonomics.com/whatis/real_terms/

[AtW]

http://www.ezonomics.com/whatis/real_terms/

Inflation can be different, so there are different realities, therefore saying "in real terms" is pure fantasy.

[shaunbhoy]

saying "in real terms" is pure fantasy.

NLYUK's specialist subject.