The latest figures on UK pay growth and unemployment present a complex picture of the country’s labour market. The unemployment rate has seen a slight uptick to 4.2%, a rise from the previous 3.9%. This increase, which is more than anticipated, suggests a softening in the labour market. Conversely, wage growthRead More →
According the High Pay Centre, a thinktank that campaigns for fairer pay, the average pay of FTSE 100 chief executives is 103 times the £33,000 average salary for full-time UK workers. This means that by lunchtime on the third working day of 2024, a FTSE 100 company boss will haveRead More →
Pay growth has outstripped inflation by the most since 2021, in a further sign that the pressure on living costs may be starting to ease. Regular pay rose at an annual rate of 7.7% between July and September 2023, official figures show; higher than average inflation over the same threeRead More →