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UK wages continue to outpace inflation

UK average regular earnings growth rose to 5.9 percent in the three months to December, according to the Office for National Statistics.
Total pay growth, including bonuses, increased to six percent during the same period, also up from 5.6 percent.
The unemployment rate remained steady at 4.4 percent, and monthly payrolls increased by 107,000, contrary to economists' predictions of a drop.
Consumer price inflation is currently at 2.5 percent and is expected to rise to about 2.8 percent with the January data release.

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LBC

UK wages see unexpected rise as unemployment rate holds steady at 4.4 per cent

The growth of UK wages have accelerated for three months running it emerged on Tuesday as official figures revealed that unemployment flatlined at 4.4 per cent.

4 days ago·London, United Kingdom

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Wall Street Journal

U.K. Wages Gather Pace, Complicating Bank of England’s Task Ahead

Excluding bonuses, wages rose an average of 5.9% in the three months to December

4 days ago·New York, United States

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Reuters

UK wage growth picked up more speed in Q4

British pay growth accelerated in the last three months of 2024, according to official data published on Tuesday that underscored why the Bank of England has adopted a careful stance about when it will cut interest rates again despite a weak overall economy.

4 days ago·United Kingdom

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