UK wages continue to surge as Bank of England set to decide on interest rates Economics UK unemployment remained steady over the last three months as wage growth surged over the quarter to October. Unemployment was unchanged at 4.3 per cent for the second straight month during October, data from the Office for National Statistics revealed. The number of people claiming jobless benefits climbed by just 300 in November, beating the [...]
Bittersweet boost: UK state pension to rise by 4.1 per cent due to triple lock Economics Under the pensions triple lock, the state pension rises each April in line with whichever is highest of inflation, average wage increases or 2.5 per cent.
Wage growth slows ‘markedly’ in a boost for the Bank of England Economics Strong wage growth has been a concern for policymakers at the Bank of England due to fears that it could keep cost pressures elevated, particularly in the labour-intensive services sector.
Bank of England should take ‘measured approach’ to interest rate cuts after balanced survey September 5, 2024 The Bank of England’s survey covers prices charged across the whole economy, not just in consumer-facing firms.
UK unemployment falls unexpectedly as wage growth slows to two-year low August 13, 2024 UK unemployment unexpectedly fell in the three months to June while a slowdown in wage growth to its lowest level in more than two years added to signs that the jobs market is cooling.
With wage growth set to fall, the Bank of England should cut rates in August July 16, 2024 Wage growth remains stubbornly high despite the rise in unemployment and fall in hiring. However, this is not a signal for the Bank to hold off on cutting interest rates, Chris Dorrell argues
Job postings plummet by a fifth over past year as demand for workers weakens June 27, 2024 Vacancies in many sectors surged post-pandemic as firms looked for more workers to meet pent-up demand.
The Fat Duck: Group behind Heston Blumenthal’s restaurant slips into the red June 11, 2024 The group behind celebrity chef Heston Blumenthal’s restaurant The Fat Duck has slipped back into the red as it continues to battle with rising wages and running costs.
Wage growth barely moves but unemployment creeps up as Bank of England considers rate cuts June 11, 2024 The figures will be closely scrutinised as policymakers at the Bank of England consider when to cut interest rates.
Does hot wage growth derail hopes of a June interest rate cut? May 14, 2024 The first round of labour market figures was released this morning and it leaves policymakers in a bit of a bind.