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    The Guardian

    UK pay growth rises 6% despite job loss warnings after Reeves’s budget



    Unemployment rate unchanged in December, while vacancies continue to fall in latest quarterBusiness live – latest updatesUK pay growth rose in December and unemployment remained unchanged despite warnings from business that Rachel Reeves’s autumn budget would lead to job losses.Figures from the Office for National Statistics show annual growth in total average weekly earnings rose by 6% in the three months to December, up from 5.6% in November and above a 5.9% forecast made by City economists. Continue reading…



    Source link : https://www.theguardian.com/business/2025/feb/18/uk-pay-growth-rises-despite-job-loss-warnings-after-rachel-reeves-budget

    Author : Richard Partington Economics correspondent

    Publish date : 2025-02-18 07:18:00

    Copyright for syndicated content belongs to the linked Source.

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