• UK wages pick up, should bolster growth as Brexit looms

    2 monthes ago - By Chron

    LONDON - Household incomes in the U.K. picked up during the summer, official figures showed Tuesday, a development that, if sustained, should shore up the British economy in the run-up to Brexit.
    The Office for National Statistics said Tuesday that average earnings excluding bonuses were up 2.9 percent over the three months through July from the same period the year before. In the three months to June, they were up 2.7 percent.
    Analysts said the rise can be largely attributed to the 3 percent pay increase awarded to more than a million National Health Service workers in England, including...
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  • UK pay rates pick up strongly and should shore up growth

    2 monthes ago - By Chron

    LONDON - Official figures show that pay levels in the U.K. picked up strongly during the summer, a development that should shore up the economy amid the uncertainty surrounding Brexit.
    The Office for National Statistics said Tuesday that average earnings excluding bonuses over the three months through July were up 2.9 percent from the same period the year before. In the three months to June, regular pay rates were up 2.7 percent.
    The increase means households are better off in real terms as consumer prices are growing more slowly. In July, the annual rate of inflation stood at 2.5 percent.
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