UK pay growth rises, adding to pressure to hold interest rates
Annual growth in average weekly earnings increases by 5.6% in three months to end of November
UK pay growth rose in November, official figures show, keeping pressure on the Bank of England to hold interest rates amid concerns over lingering inflationary pressures.
With the government under pressure on the economy, the Office for National Statistics (ONS) said annual growth in average weekly earnings rose by 5.6% in the three months to the end of November, up from 5.2% in the three months to October. Continue reading...
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