* . *
The Guardian

UK’s bumper pay rises show inflation is tricky to shift

The Guardian on
UK’s bumper pay rises show inflation is tricky to shift



Labour market figures do not yet show effects of Rachel Reeves’s tax hikes on employers in the budgetUK pay growth leaps to 5.2%, reducing chances of interest rate cutBusiness figures have been sounding increasingly alarmed about the state of the UK’s jobs market in recent days, with the recruiter James Reed claiming it augurs a recession.There were certainly some signs of a slowdown in the latest labour market data, published on Tuesday – but with pay growing briskly, it was hard to detect a significant shift. Continue reading…



Source link : https://www.theguardian.com/business/2024/dec/17/uk-pay-rises-inflation-labour-market-rachel-reeves

Author : Heather Stewart Economics editor

Publish date : 2024-12-17 09:20:18

Copyright for syndicated content belongs to the linked Source.

Tags : The Guardian

you might also like

.. . . . . . . . . . . . . . . . . . . . . . . . . %%%. . . * . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ - - - - - - - - - - - - - - - - - - - - . . . . .