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Headache for Bank of England as wage growth accelerates
Wage growth picked up towards the end of last year, new figures show, revealing the continued persistence of price pressures in the UK economy. According to figures released by the Office for National Statistics (ONS),
UK Jobless Rate Rises, Wage Growth Remains High
The UK unemployment rate rose slightly in the third quarter and wage growth remained high but falling vacancies signals a decrease in
UK wage growth ticks up but payrolls plunge
By Andy Bruce LONDON (Reuters) -British pay growth in the private sector picked up in the three months to November but a plunge in payrolls added to signs of a softer labour market, according to data on Tuesday that offered mixed signals for Bank of England interest rate-setters.
Private sector pay rises drive up UK wage growth
Wage growth continued to rise in the UK, driven by strong pay rises in the private sector, official figures show. Regular pay increased by 5.6% on average between September and November, according to the Office for National Statistics (ONS),
5d
on MSN
Traders bet on more Bank of England rate cuts in 2025 after data shocks
The disappointing retail data adds to the dim economic picture in the U.K. and to the challenges facing Finance Minister ...
6d
on MSN
February Bank of England rate cut a 'sure bet' as growth stumbles and inflation falls
The Bank of England looks set to resume cutting interest rates next month after official data revealed weaker inflation and ...
7d
on MSN
Bank of England should cut rates pre-emptively, says committee member
Bank of England should cut rates pre-emptively, says committee member - Alan Taylor, the most recently appointed member of ...
3d
on MSN
Bank of England interest rate cuts and how you may be affected amid inflation change
Latest figures show that UK inflation dropped last month, potentially affecting the Bank of England's interest rate decision ...
7d
UK inflation falls as millions set to be hit with hefty bill hikes plus what it means for your money
THE UK’s rate of inflation has slowed in a boost for the government – we reveal what it means for your money. The Office for ...
1d
UK Unemployment Edges Higher
Britain's unemployment rate rose slightly at the end of last year, official data showed Tuesday, adding to unease over the stalling UK economy.
6d
on MSN
Bank of England urged to cut interest rates 'pre-emptively' as February decision 'certain'
Alan Taylor, a member of the Bank's monetary policy committee, said the UK is 'in the last half mile on inflation' ...
7d
Slowing Inflation Strengthens Calls For Bank Of England Rate Cuts
The unexpected softening of UK consumer price inflation at the end of 2024 added expectations for more interest rate reductions by ...
7d
UK inflation falls slightly to 2.5% after two months of rises
Inflation fell unexpectedly to 2.5% in December, the Office for National Statistics said, after economists expected the rate ...
i
7d
Inflation falls to 2.5% - here's what it means for your money
Services inflation fell from 5 per cent to 4.4 per cent. This is a figure watched closely by the Bank when deciding whether ...
6d
Bank of England should cut interest rates pre-emptively, says commitee member
Alan Taylor, the most recently appointed member of the Bank's monetary policy committee (MPC) said the UK is 'in the last ...
1d
on MSN
Pay after inflation rises at fastest rate since 2021
Wage growth increased by 3.4% after taking into account inflation, driven by strong increases in the private sector.
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