يحاولGOLD- Free

Jump in wages puts pressure on Bank to increase rates again
The Guardian|August 16, 2023
The Bank of England is under renewed pressure to raise interest rates next month after wages jumped more than expected in June, boosted by a one-off payment to NHS workers.
- Phillip Inman
Jump in wages puts pressure on Bank to increase rates again

A rise in borrowing costs is likely even though the latest figures for the UK labour market also showed employers had begun to shed workers in response to a slowdown in economic activity.

Total pay, including bonuses, rose by 8.2% a year in the three months to June, the Office for National Statistics (ONS) reported, stronger than the 7.3% analysts had expected.

Regular pay, which excludes bonus payments, rose by 7.8% in the quarter, the highest regular annual growth rate since comparable records began in 2001, up from 7.5% in March-May.

In response to concerns that pay increases could trigger a wage-price spiral, Rishi Sunak said his "number one priority" was to bring down inflation, and claimed there was "light at the end of the tunnel" in the cost of living crisis.

The number of redundancies increased and the unemployment rate rose by 0.3 of a percentage point to 4.2% in the quarter, the ONS said.

Policymakers at the Bank of England pushed the cost of borrowing to 5.25% earlier this month, the 14th consecutive interest rate rise. The money markets indicate there is an 84% chance of the Bank raising rates a quarter of a percentage point in September to 5.5% and a 16% chance of a half-point increase to 5.75%.

Interest rates are forecast to peak at 6% in February, higher than the 5.75% expected before yesterday's labour market report was released.

هذه القصة مأخوذة من طبعة August 16, 2023 من The Guardian.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة August 16, 2023 من The Guardian.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

المزيد من القصص من THE GUARDIAN مشاهدة الكل
The Guardian

Jones back to run rule over England as ITV pundit

Eddie Jones will cast a critical eye over England's make-or-break Six Nations campaign with the former head coach signed as an ITV pundit for the forthcoming championship.

time-read
2 mins  |
January 21, 2025
The Guardian

UK second most attractive country in investor survey

The UK is the second most attractive country for investment behind the US, signalling a climb up the rankings, according to an annual survey of global business leaders by the consultancy PwC.

time-read
2 mins  |
January 21, 2025
Robot retailers Firms embrace automation to cut staffing costs
The Guardian

Robot retailers Firms embrace automation to cut staffing costs

Electronic shelf labels, returns machines, robot bag packers and yet more self-service tills are just some of the many technologies that UK retailers are embracing as they try to solve the problem of rising labour costs.

time-read
3 mins  |
January 21, 2025
Svitolina surges on but watches husband Monfils exit
The Guardian

Svitolina surges on but watches husband Monfils exit

In the aftermath of a comeback win that put her into the 12th grand slam quarter-final of her career, Elina Svitolina left Rod Laver Arena aware her most difficult task of the day was still to come.

time-read
3 mins  |
January 21, 2025
Tielemans now Villa's pacemaker at heart of resurgence
The Guardian

Tielemans now Villa's pacemaker at heart of resurgence

Former Leicester midfielder has proved sceptics wrong with his displays central to the side's transformation

time-read
3 mins  |
January 21, 2025
The Guardian

Rashford open to playing for United despite looming exit

Marcus Rashford is ready and available to play for Manchester United, the Guardian understands, after Ruben Amorim indicated the forward had ruled himself out of contention for the defeat by Brighton on Sunday.

time-read
1 min  |
January 21, 2025
The Guardian

Use of rehabilitation and tags could allow a women's prison to close, says minister

A women's jail in England or Wales should be closed by diverting offenders to other forms of punishment and rehabilitation, the prisons minister, James Timpson, has said.

time-read
2 mins  |
January 21, 2025
Comedy review: It's strictly stand-up as music stops
The Guardian

Comedy review: It's strictly stand-up as music stops

\"Twenty-one years of hard graft on the comedy scene, to now be best known for dancing.\" The ironies of his newfound celebrity are not lost on Chris McCausland, not only the winner of last year's Strictly Come Dancing but a contestant so well-loved that he's been credited with redeeming the entire franchise.

time-read
1 min  |
January 21, 2025
The Guardian

Fashion The first lady or a mob wife at a funeral?

In the Capitol rotunda the incoming first lady was nowhere to be seen.

time-read
2 mins  |
January 21, 2025
Alaska Resumes Its 'Inhumane' Shooting of Bears and Wolves
The Guardian

Alaska Resumes Its 'Inhumane' Shooting of Bears and Wolves

Alaska is to resume the aerial shooting of bears and wolves to boost caribou and moose numbers despite an official report casting doubt on the value of the practice.

time-read
2 mins  |
January 21, 2025

نحن نستخدم ملفات تعريف الارتباط لتقديم خدماتنا وتحسينها. باستخدام موقعنا ، فإنك توافق على ملفات تعريف الارتباط. يتعلم أكثر