17 Hrs
Source:
The Guardian
UK wages rise slows before rate decision
UK inflation is expected to have exceeded 3% in August, amid a slowdown in wage growth to 3.9%, which may influence the increase in the state pension under the triple lock. Despite resilient economic performance, employment figures show a decline in job vacancies, particularly in retail and hospitality sectors, amid rising energy prices due to the Middle East conflict. The Bank of England faces a dilemma on whether to raise interest rates amid global inflation pressures and an uncertain jobs market.
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