Inflation

Wage growth of permanent and part-time staff slowed in July and demand for workers steadied with the number of vacancies declining, new figures show.

Impact of April’s 9.8% increase to NLW continues to affect the median pay award, currently almost three percentage points above inflation.

Annual wage growth slows to 5.7% in the ONS July 2024 labour market statistics, the slowest rate since August 2022.

Almost nine in 10 employees are worried about paying for basic living costs, and four in 10 ‘live payday to payday’, according to new research.

Median basic pay award in the three months to the end of May 2024 increased slightly to 4.6%, according to Brightmine.

UK unemployment increased to highest rate in two and half years, according to ONS labour market figures released in June 2024.

Pay awards continue to run well above inflation in April 2024, but there are signs settlements are dropping.

'Real' wages grew by 2.1% in the 12 months to February 2024, faster than any time in the previous 16 years.

UK exits recession, with GDP figures showing that the economy has grown by 0.6% in January to March 2024.

Survey finds only 30% of employers are prepared to award above-inflation pay rises this year, despite perceived responsibility to support employees.

Analysis shows 1.4 million people face the ‘double jeopardy’ of working in severely insecure jobs while privately renting.

Six in 10 NHS nurses are facing such financial pressures they must turn to credit or savings, a survey by the Royal College of Nursing has found.

Wages will not return to 2008 levels for another two years, the Resolution Foundation claims.

UK inflation in the year to January 2024 remained unchanged and below pay growth, after many analysts had expected a slight rise.

Pay growth barely continued to outpace inflation at the end of 2023, February 2024 labour market figures have shown.