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- Wages, Inflation, and Cost-of-LivingPeople’s wages in the UK have dropped to the lowest. The rate is the lowest in more than a decade. People are facing difficulties because with the current rate of wages they cannot deal with the ever-increasing inflation rate. It can be disastrous for a lot of working people. “People Should not ask for a pay rise,” is what has been proposed by the Bank of England, though the...