Economy News Uk Regular Wage Growth Cools, In Line With Boe S View Of Economy

BOE’s Greene Downplays UK Jobless Rise, Says Pay Growth a Worry

Bank of England policymaker Megan Greene signaled she continues to back keeping interest rates on hold, despite figures Tuesday showing UK unemployment climbing to its highest rate since the pandemic. Read More

UK jobs market shows some signs of cooling

LONDON, Oct 14 (Reuters) - British workers' pay grew at the weakest pace since 2022 and the jobless rate nudged higher, according to official data on Tuesday which prompted expectations that the Bank ... Read More

BoE's Pill does not expect much shift in rate view given high pay growth

Bank of England Chief Economist Huw Pill said on Tuesday that he did not expect his view on interest rates to shift much in the near term, saying wage growth was still substantially above what he ... Read More

UK wage growth slows, bolstering Bank of England rate cut bets

By Andy Bruce and Suban Abdulla LONDON (Reuters) -British wage growth slowed in the three months to September, according to data on Tuesday that will bolster expectations for a Bank of England ... Read More

UK Economy Ekes Out Modest Growth as Factories Recover

The UK economy resumed modest growth in August as a rebound in manufacturing helped offset a stagnant month for the dominant services industry. Gross domestic product rose 0.1% after falling 0.1% in ... Read More

Wealthy Americans Are Spending. People With Less Are Struggling.

Data show a resilient economy. But that largely reflects spending by the rich, while others pull back amid high prices and a weakening labor market. Data show a resilient economy. But that largely ... Read More