Sustained, elevated growth in nominal earnings has increased the likelihood despite new data also showing a cooling demand for workers.
Faster than expected wage growth suggests the Bank of England won’t hesitate to hike interest rates again when it meets in September.
One of the surprises of recent years has been the way in which, despite disappointing growth, unemployment has continued to fall. Britain’s growth rate has
Subscribe to Reaction and receive unlimited access to the site, our daily email with analysis every evening and invites to online events.
© Copyright 2024 Reaction Digital Media Limited – All Rights Reserved. Registered Company in England & Wales – Company Number: 10166531.
