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Average Guernsey income down in real terms, survey says
Average income for islanders is 12% lower in real terms than five years previously, a survey says. More than 2,000 people responded to the 2023/24 Household Expenditure Survey to find the average cost of living in Guernsey. It said while gross income – before taxes and other costs are factored in – of £77,619 per…
Wage growth slows slightly over summer
Emer MoreauBusiness reporter Getty Images Wage growth in the UK cooled slightly over the summer, as unemployment ticked up marginally. Average wage growth was 4.7% in the three months to August, down from 4.8% over the three months to July, according to new data from the Office for National Statistics (ONS). The national unemployment rate…
Even if Iran war ends now farmers costs will have to be passed on
Patrick Crehan buys fuel on behalf of a 3,500 member consortium, who are mainly agricultural farmers. Before the conflict, he was paying around 70p a litre. Just before the ceasefire, he was paying around 130p a litre, though that has fallen back a little since Wednesday.
