Inflation

Chancellor and Bank of England governor both call on wage restraint as July 2023 labour market figures show record increases in pay.

Dr Duncan Brown analyses real earnings growth, or a lack thereof, in the UK and discusses the pay perspectives of economists and employees.

Organisations must avoid ‘financial wellbeing washing’ their employees and offer comprehensive, rather than tick-box, support.

Official data shows that inflation in May 2023 did not fall as expected, making an interest rate hike more lilkely.

For the first time in their history, Church of England clergy who are members of Unite have submitted a pay claim.

Wage growth continues to be outstripped by inflation, despite regular pay increasing, the June 2023 labour market figures from the ONS show.

Impact of rising electricity and gas prices subsides to bring April 2023 inflation into single digits.

The median basic pay settlement in the three months to the end of April 2023 remained at 6% for the third consecutive rolling quarter.

Official figures reveal that a record number of people in the UK are economically inactive due to long-term sickness.

XpertHR data for the three months to March 2023 showed a median pay increase of 6% for the third consecutive quarter.

Inflation dropped off slightly in the year to March 2023, to 10.1% at the consumer prices index measure.

ONS labour market figures published in April 2023 show that many employers are holding back on recruitment. 

Four in 10 employees in the UK have had to borrow money or use credit cards to cover a work expense, the survey found.

More than half of UK adults feel the cost-of-living crisis has made it more difficult to stay healthy.

The consumer prices index has risen to 10.4% in the year to February 2023, up from 10.1% last month, despite...