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The latest earnings data points to a potential headache for future UK chancellors.
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By John Stepek
This article is for subscribers only.
Welcome to the award-winning Money Distilled newsletter. I’m John Stepek. Every week day I look at the biggest stories in markets and economics, and explain what it all means for your money.
We’ve just had the latest update on the UK labour market. Wages came in roughly in line with expectations — they’re rising at an annual rate of 4.7% (with bonuses) or 4.8% without. Meanwhile, the number of staff on payrolls fell for the seventh month in a row, but by a smaller number than anticipated.
