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.
Bu hikaye The Independent dergisinin January 17, 2024 sayısından alınmıştır.
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Bu hikaye The Independent dergisinin January 17, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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