You are here: Home » Reuters » News
Business Standard

UK wage growth lags inflation even as jobless rate hits new low

Reuters  |  LONDON 

By William Schomberg and David MillikenLONDON (Reuters) - Workers in Britain have yet to see their wages rise more quickly than inflation despite unemployment falling to its lowest rate since 1975, according to official data published on Tuesday.Economists said the weaker-than-expected headline pay figure was unlikely to knock the Bank of England off course from raising interest rates next month for only the second time since the global financial crisis.Sterling weakened as the data showed wages in the three months to February rose by 2.8 percent, unchanged from the growth rate in the three ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Tue, April 17 2018. 15:03 IST
RECOMMENDED FOR YOU