Tag - increase

This chart should worry any Australian hoping for a larger pay increase

Enterprise Bargaining Agreements (EBAs) are the main type of collective agreement in Australia, covering 36% of all employees. Pay rates in new EBAs struck in the September quarter last year fell to the lowest level on record. UBS says this will weigh on overall wage outcomes in Australia over the next few years. If you want a clue as to where Australian wage [...]

Cost of drinks in Scotland to increase by 90% because of minimum alcohol price

Reuters The Scottish government’s decision to introduce a minimum unit price for alcohol could have a dramatic impact on prices, a report by the Institute for Fiscal Studies (IFS) has warned. From 1 May next year, a 50p-per-unit minimum will be applied to all alcoholic drinks north of the border, a move which Scottish ministers believe will tackle the country’s “unhealthy relationship with drink”. The new charge would raise the price of the cheapest bottle of red wine (9.4 units [...]