Economics, Bank of England, Interest rates, Business, Rachel Reeves, Pay, UK news, Office for National Statistics, Money, Inflation Business | The Guardian
Labour market figures add to dilemma for Bank of England as it considers interest rate cutsAre warning lights showing in UK jobs market?Business live – latest updatesUK pay growth rose in November despite evidence of employers cutting jobs after Rachel Reeves’s tax-raising budget, underlining a dilemma for the Bank of England as it considers cutting interest rates next month.With the government under pressure on the economy, the Office for National Statistics (ONS) said annual growth in average weekly earnings rose by 5.6% in the three months to the end of November, up from 5.2% in the three months to October. Continue reading…
Labour market figures add to dilemma for Bank of England as it considers interest rate cuts
UK pay growth rose in November despite evidence of employers cutting jobs after Rachel Reeves’s tax-raising budget, underlining a dilemma for the Bank of England as it considers cutting interest rates next month.
With the government under pressure on the economy, the Office for National Statistics (ONS) said annual growth in average weekly earnings rose by 5.6% in the three months to the end of November, up from 5.2% in the three months to October.
