What to make of slowing UK wage growth?

November 11, 2015


The British labour market has been a mixed bag of late.

On the plus side, there’s been plenty of good news about people getting jobs. But wage growth has slowed, against the expectation of some economists who thought tightness in the labour market would be pushing up wages more strongly by now.

Has UK wage inflation peaked yet?

October 14, 2015

?????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????Wage inflation is supposed to pick up once unemployment gets down to a level at which scarcity of labour means companies are forced to pay more for top talent. This time, at least so far, the theory is either not working so well, or taking its time to kick in. Or perhaps the modest rise we’ve seen is the best we’re going to get.

Sweet spot for UK pay could be just the nectar the economy needs

September 16, 2015

RTR309S7.jpgBritish workers have hit a sweet spot with wages rising much faster than near-zero inflation, suggesting the economy could gain further momentum as consumers spend their spare cash.

On non-farm payrolls day, pay attention to pay

September 2, 2015

A pedestrian passes a pawnbroker offering 'payday advances' in Crawley, southern EnglandA lot is riding on the August U.S. jobs report – a good chunk of justification for the first Federal Reserve interest rate rise in nearly a decade and a lot of face-saving at the world’s most powerful central bank.

Britain’s job miracle starting to look slightly less miraculous

July 16, 2015

After years of defying gravity and outperforming the rest of Europe, Britain’s job market looks like it might be slowing down.

Still waiting for the great wage rebound

May 7, 2015

AIt’s now been well over a year since the two major central banks most likely to raise interest rates in the near future warned us we should pay attention to pay.

The Greek plan is in, breath bated

By Mike Peacock
February 24, 2015

Varoufakis arrives at a news conference after an extraordinary euro zone Finance Ministers meeting in Brussels

Greece sent an economic reform plan to its EU and IMF creditors overnight, according to an EU source, and euro zone finance ministers will this morning see the list which is a condition for extending the country’s bailout programme by four months.

The great flatline of wage expectations

December 5, 2014

It’s not just wages around the industrialised world that are flatlining. So are expectations.

Teachers, leisure workers the biggest losers from UK’s wage woes

November 21, 2014


Teaching staff and leisure workers have taken the biggest hit to their take home pay in real terms over the last three years, according to the latest edition of Britain’s most comprehensive survey of the labour market.