Wages Rose Faster Than Inflation at Highest Level for 2 Years: ONS
Published on November 14, 2023
The average earnings by Britons have risen faster than inflation at the highest level for two years, amid a slight slowdown in the UK employment rate. The labour market overview by the Office of National Statistics (ONS) analysed the latest employment and wage growth data in Britain. In the period of July to September, the annual growth in regular pay was 7.7 percent. This is among the highest values since comparable records began in 2001. Regular pay rose faster than prices over the same analysed period. The average total pay, which includes bonuses was 7.9 percent. The ONS said the value was affected by civil service one-off payments made in July and August 2023....