Tag: Wage growth
Budget 2021: Lowest Paid Workers to Receive Inflation-Busting Pay Rise
The upcoming Budget announcement is expected to bring good news for over a million low-income workers, as Rachel Reeves plans to increase the minimum wage by 6 percent. This inflation-busting pay rise will be...
Wage Growth Slows to Two-Year Low Amid Falling Unemployment
UK earnings growth has slowed down to its lowest level in over two years, while the unemployment rate has surprisingly dropped, according to recent official figures. The data revealed that the rate of unemployment...
Potential Impact of Wage Growth on Inflation Predicted by BoE Policymaker
Catherine Mann, a member of the Bank of England's Monetary Policy Committee (MPC), recently expressed concerns about the potential impact of wage growth on inflation in the UK. She warned against being complacent about...