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Wage growth

  • Wage growth accelerates again as concerns about inflation rise

    February 18, 2025

    Wage growth accelerated again in the final quarter of last year, new figures show, in a reminder that the UK economy still faces sticky price pressures.

  • UK economy: Wage growth was twice as high in Britain compared to the US

    January 28, 2025

    The figures will reinforce concerns that high wage growth might prop up inflationary pressures in the economy in 2025.

  • Adzuna: Average salary hit £40,000 in December

    January 27, 2025

    According to job search site Adzuna, the average annual advertised salary passed £40,000 for the first time in December.

  • UK economy: Headache for Bank of England as wage growth accelerates

    January 21, 2025

    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), annual regular pay growth averaged 5.6 per cent in the three months to November, up from 5.2 per cent previously. [...]

  • Rachel Reeves’ tax hikes pose ‘major threat’ to UK labour market resilience

    January 20, 2025

    The government's tax hike pose a "major threat" to the health of the labour market, a leading economist has warned.

  • Price hikes are coming as firms battle Reeves tax raid, Bank of England survey suggests

    January 9, 2025

    The Bank's latest decision maker panel, which surveys finance chiefs around the country, showed that firms' inflation expectations picked up in December.

  • UK wages continue to surge as Bank of England set to decide on interest rates

    December 17, 2024

    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 [...]

  • London rents rise again as Savills warns of double-digit UK increase

    November 20, 2024

    Analysts have warned rents are being pushed to unsustainable levels amid another yearly jump and concerns there is no natural plateau in sight. The average UK private rent rose by 8.7 per cent in the year to October, up from 8.4 per cent in the year to September, according to the ONS. The increase was [...]

  • Business groups warn of jobs market slowdown following Budget

    November 12, 2024

    Alexandra Hall-Chen, principal policy adviser for employment at the Institute for Directors (IoD) said the figures point to a "concerning trend" in the labour market.

  • Sky Bet: Profit slides as inflation and salary rises bite

    October 28, 2024

    Profit at Sky Bet was slashed during its latest financial year as its operating expenses surged by almost £45m. The business behind the brand, which is owned by Flutter Entertainment, has reported a pre-tax profit of £48.9m for 2023, according to newly-filed accounts with Companies House. Its profit was hit because the firm’s operating expenses [...]

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