‘Further evidence’ needed to show wage growth is falling, Bank’s Broadbent warns December 18, 2023 The Bank of England needs "further evidence" that wage growth was decisively cooling before cutting interest rates, a member of the Monetary Policy Committee (MPC) said today.
Skills shortages? London continues to see fewest apprenticeship starts per 1,000 December 18, 2023 London has continued to see the fewest apprenticeship starts by population of any region in the UK, amid warnings of a “recruitment crisis” facing the city.
UK jobs figures bolster case for interest rate hold but ‘experimental’ unemployment data ‘difficult to trust’, analysts say December 12, 2023 The latest UK jobs data has bolstered the case for the Bank of England to hold interest rates on Thursday, according to analysts, as the labour market shows signs of cooling but inflationary pressures still remain.
Hospitality firms blast government migration plans for ‘shrinking talent pool’ December 5, 2023 The UK’s hospitality industry has warned that government plans to cut the levels of legal migration into the country will compound the existing labour shortage in the sector.
Labour has no plans to change pensions triple lock, Kendall says December 5, 2023 Labour has “no plans” to change the pensions triple lock, shadow work and pensions secretary Liz Kendall has said.
Business groups slam government’s ‘politics over economics’ migration plans December 5, 2023 Salary thresholds for skilled worker will be increased to £38,700, under new plans to cut the levels of legal migration into the UK, ministers have confirmed.
Use strength in services to break UK’s low growth trap, think tank urges December 4, 2023 The UK needs to capitalise on its position as a "services superpower" to help break its "toxic combination" of low growth and high inequality, a top think tank has warned.
Interest rates to remain ‘higher for longer’ if ‘experimental’ data turns out to be true November 30, 2023 The figures were published by the Office for National Statistics (ONS) last month and are based on the earliest indicators from the Transformed Labour Force Survey, which the ONS hopes to roll out next March.
Bank of England finance panel suggests wage growth won’t budge next year, but inflation will fall November 30, 2023 "Expected output price inflation has been gradually falling over the year," the survey noted.
UK faces ‘critical bottleneck’ on skilled jobs ahead of green transition November 28, 2023 The UK faces a “critical bottleneck” on skilled infrastructure jobs ahead of the green transition, an energy firm has warned.