UK pay growth slows but remains high for Bank of England

Quick Summary:

Earnings excluding bonuses grew by 5.

After stronger than expected inflation data published on July 17, investors priced a roughly one in three chance of a first cut since 2020.

In the three months to April, regular pay had risen by an annual 6 per cent and total earnings were up by 5.9 per cent.

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Article Details

Category: EconomyBusiness

Markets: Singapore

Topics: Cent Growth Survey Data Months Inflation Unemployment Rates Rate Labour Market

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-18 @ 16:45:00 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 626 words

Reading Time: 4 minutes read

Sentences: 28 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 21672703

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About The Straits Times

Main Topics: EconomyBusiness

Official Website: straitstimes.com

Update Frequency: 20 posts per day

Year Established: 1845

Headquarters: Singapore

News Last Updated: 3 hours ago

Coverage Areas: Singapore

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Publisher ID: #25

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