Reported about 18 hours ago
UK wage growth has reached its highest level in nine months, with average pay rising 5.9% for the three months ending in January, alongside an increase in employment. This suggests a resilient labor market, which may influence the Bank of England's cautious approach to further interest rate cuts. The rise in pay, particularly in the private sector, coupled with stable unemployment rates, presents a complex picture as businesses may be pressured to raise wages further in 2025, complicating monetary policy decisions amid ongoing inflation concerns.
Source: YAHOO