UK average regular earnings, excluding bonuses, increased by 6.6 per cent in the three months to November, down from a revised 7.2 per cent in the previous three months, the Office for National Statistics said. It is the lowest rate since the three months to January last year and one of the steepest falls in earnings growth since the pandemic.
The latest data could give Bank of England policymakers further reassurance that higher interest rates are working their way through the economy, reinforcing expectations that they will begin cutting borrowing costs later this year.
Esta historia es de la edición January 17, 2024 de The Independent.
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