Salaries in Britain rose at their fastest rate in almost a decade, according to data released by the British National Bureau of Statistics.
Salaries excluding bonuses rose 3.1 percent in the three months to August, the highest since January 2009. The unemployment rate fell to a 43-year low of 4 percent, the National Bureau of Statistics said.
The Bank of England raised interest rates last August, although Britain's exit from the European Union means that no further rate increases will be applied before the EU exit in March.
Bloomberg said salaries are now rising at a faster rate than prices, making citizens feel comfortable after suffering high inflation after voting out of the European Union in 2016.
Salaries excluding bonuses rose 3.1 percent in the three months to August, the highest since January 2009. The unemployment rate fell to a 43-year low of 4 percent, the National Bureau of Statistics said.
The Bank of England raised interest rates last August, although Britain's exit from the European Union means that no further rate increases will be applied before the EU exit in March.
Bloomberg said salaries are now rising at a faster rate than prices, making citizens feel comfortable after suffering high inflation after voting out of the European Union in 2016.
source
No comments