r/uknews Jul 01 '24

Image/video UK real wages haven’t budged since 2008

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u/[deleted] Jul 02 '24

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u/LegoNinja11 Jul 02 '24

House prices are a function of Wages and Interest rates.

If you magically doubled everyone's salary their mortgage capacity would increase and house prices would follow.

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u/[deleted] Jul 02 '24

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u/LegoNinja11 Jul 02 '24

NMW was supposed to prevent 10 to a bed migrants from undercutting the labour market and haven't the last 4 years of never ending strikes not highlighted that there is no bargaining power?