If only it was just 1% per year...
UK inflation (using RPI) over the last 8 years cumulatively is 23% - almost double the rate the previous poster suggested (which was already bad enough)
That means, for anyone who doesn't understand, that for every £10,000 of your salary its actually worth only £7,700 now.
That's a twenty three percent pay cut effectively.
And that's before you consider any effects of increased market demand on your skills. Together I suspect I'm 50% down on my market value.
Yes, I could have got another job, but that's not the point - its not about anyone's personal situation, this is about the bare faced cheek of those who have raked in hundreds of millions while everyone else has been kicked in the ba--s. And they still continue to do this, laughing in the face of the plebs while telling us "we care about you".