Today at 12:25 PM
UK wage growth falls short of expectations — Brightmine
UK wage growth, which had held steady at 3% for five consecutive quarters, is showing signs of deceleration. Brightmine’s research reveals nearly half of the surveyed employers are now offering pay raises below this median level.
Sheila Attwood, a Brightmine expert, analyzed data from over 309,000 employees. She noted that many businesses are opting for smaller pay raises due to persistent financial constraints. The situation is further exacerbated by increased social contributions and the minimum wage hike in April.
The Bank of England is closely watching the labor market. The regulator is considering potential interest rate cuts, but these would only happen if inflationary pressures in the country ease significantly.
Recommended
Today at 12:25 PM
Morgan Stanley upgrades US stocks rating and expects S&P 500 to rise by Q2 of 2026
Today at 12:01 PM
Dollar weakens amid Trump's tax bill setbacks and G7 talks
Today at 11:42 AM
Traders scale back rate cut hopes amid rising UK inflation
Today at 11:39 AM
Britain’s consumer price index surged to 3.5% in April
Today at 11:18 AM
Top news
Today at 11:22 AM
Today at 11:15 AM
Today at 10:11 AM
Today at 9:58 AM