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Why is UK wage growth so strong?

Summary by Financial Times
Pay is out of line with the state of the economy, puzzling analysts and worrying the BoE

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Financial TimesFinancial Times
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Why is UK wage growth so strong?

Pay is out of line with the state of the economy, puzzling analysts and worrying the BoE

·London, United Kingdom
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Sky News UKSky News UK
Center

Strong wage growth and some good news for government in ONS labour market data

Continued wage rises kept interest rate setters cautious as pay rises can spur inflation. But there was good news for the government in some of the data.

·United Kingdom
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britishchambers.org.ukbritishchambers.org.uk

Labour Pressures Continue for Businesses  - British Chambers of Commerce

Reacting to the latest labour market data, published by the ONS this morning, Jane Gratton, Deputy Director Public Policy at the British Chambers of Commerce said:  “The labour market remains a significant challenge for employers who are struggling with skills shortages, higher wage costs and the imminent hike in employment taxes.   “While the rise in average earnings is slowing, it continues to add huge cost pressures to business, underlining t…

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britishchambers.org.uk broke the news in on Thursday, March 20, 2025.
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