Wages Are Rising Fast Across England, Finally Catching Up to Inflation
Data through April shows rapid salary gains as the Bank of England prepares to announce another interest rate hike Changing jobs has paid off for millions of middle-income Britons over the past year, according to data analyzed by Bloomberg. Wages soared 10% in the past year for those taking new positions in England, data posted on Reed Recruitment’s platform showed. That’s well above the raises recorded in official data across all jobs in the economy. The figures point to a labor market that remains red-hot, throwing doubt on Prime Minister Rishi Sunak’s…
Read More