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UK wages figures will affect state pension, interest rates – and Rachel Reeves

The Guardian by wa-news on The Guardian 6 views

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Likely 4% pension rise next year could help defuse row facing chancellor over winter fuel paymentUK state pension could rise by about £460 a yearBusiness live – latest updatesAmong the many figures included in the monthly health check of the UK labour market from the Office for National Statistics one had special significance: the annual increase in average earnings.That’s not because the other pieces of data don’t matter. The jobless rate (which fell from 4.2% to 4.1%), the number of people in work, the level of vacancies and the days lost through strikes all convey important information about the state of the economy. Continue reading…

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Source link : https://www.theguardian.com/money/article/2024/sep/10/uk-wages-figures-state-pension-interest-rates-rachel-reeves

Author : Larry Elliott Economics editor

Publish date : 2024-09-10 09:19:41

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Tags : The Guardian

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