Inflation

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.

More than half of pay deals are expected to be lower than 2023, with early data for January suggesting the median has fallen.

Pay growth continued to outpace inflation in autumn 2023, but at a slower rate, January 2024 labour market figures show.

Inflation in November dropped more than expected to 3.9%, the Office for National Statistics has said.

Pay growth slowed as vacancies continued to fall, December 2023 labour market figures from the ONS show.

Years of wage stagnation have cost the average UK worker £10,700 a year in lost pay growth, a report has claimed.

The Treasury has announced a 9.8% increase to the national living wage from April 2024.

The average pay settlement returned to 6% in the three months to the end of October 2023, finds XpertHR.

Inflation (CPI) falls from 6.7% to 4.6% in the year to October 2023 while RPI decreases from 8.9% to 6.1%, new data from the ONS show.