Wage Growth for UK’s Lowest-Paid Keeps BOE Wary of Inflation --[Reported by Umva mag]

Britain’s lowest-paid workers are enjoying red-hot pay growth, thanks in part to a huge minimum-wage increase in April. That’s good news for households struggling after a brutal cost—of-living crisis, but not for the Bank of England’s inflation fight.

Oct 14, 2024 - 04:45

Wage Growth for UK’s Lowest-Paid Keeps BOE Wary of Inflation --[Reported by Umva mag]

(Bloomberg) — Britain’s lowest-paid workers are enjoying red-hot pay growth, thanks in part to a huge minimum-wage increase in April. That’s good news for households struggling after a brutal cost—of-living crisis, but not for the Bank of England’s inflation fight. Read More

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