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Increase in unemployment and slowing jobs growth will not counteract strong pay pressureRecord UK pay growth adds to pressure for interest rate riseUnemployment is up. The number of job vacancies is down. The rate of jobs growth is slowing and at a tim…
Treasury Committee quiz lenders about mortgage rates, as two-year fixed mortgage rate rises to 6.66%, highest since 2008Full story: UK two-year fixed mortgage rates hit highest level since 2008Full story: Record UK pay growth adds to pressure for inter…
Jeremy Hunt and Bank of England’s Andrew Bailey call for wage restraint to help curb inflationInterest rates likely to rise again despite slowing labour marketWages increased at a faster rate than expected in May, putting pressure on the Bank of Englan…
From Canberra insiders to an outsider described as ‘borderline brilliant’, here are the runners and riders for the Reserve Bank’s top jobFollow our Australia news live blog for the latest updatesGet our morning and afternoon news emails, free app or da…
Shoppers snap up barbecue food, swimwear, beach towels, outdoor games and garden furniture in June Britain’s retailers recorded a sharp rise in spending in June as hot weather prompted consumers to buy summer clothing and outdoor goods, despite growing…
Sharp uplift in those looking for work reflects growing concern over economy, say analystsBritish businesses are slowing down hiring just as the number of people looking for work rises, according to data that suggested “lingering uncertainty” over the …
Pandemic’s £20 benefit uplift led to sharp fall in households living in poverty but replacement is far less effectiveThe scrapping of the government’s £20-a-week pandemic boost to universal credit has set back the fight against poverty and led to an in…
Chancellor expected to reveal ‘compact’ agreement with some of UK’s largest investment firms in Mansion House speechThe chancellor, Jeremy Hunt, will reveal plans to release billions of pounds from British pensions to help fund fast-growing companies, …
Chancellor calls on firms to tackle high prices as government remains far from pledge of halving inflation to 5%Jeremy Hunt has said he must “double down” on high prices after admitting a package of pre-election tax cuts this autumn was looking unlikel…
Thinktank challenges view that those taking early retirement under Covid were relatively well offHalf of older adults who left the UK workforce amid mass redundancies in the first year of the Covid pandemic ended up falling into relative poverty, accor…