UK pay growth slows less than expected as workers bid up wages

December figures pose dilemma for Bank of England, dampening hopes of early interest rate cut

Business live – latest updates

Pay growth slowed less than expected in December as workers continued to bid up their wages amid skills shortages and a record number of people with long-term sickness.

The Office for National Statistics (ONS) said annual growth in regular earnings, excluding bonuses, was 6.2% in October to December 2023, while pay rises including bonuses was 5.8%.

Continue reading…

 


Posted

in

by

Tags:

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Generated by Feedzy