Economics
U.K. Salaries Rise Near Record Pace on Inflation Fears and Worker Shortage
- Jobseekers want higher pay to cover inflation rise, REC says
- Most firms face pressure to raise prices to cover wage bills
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Worries about Britain’s cost of living crisis and a shortage of workers pushed U.K. starting salaries up by their third-fastest pace on record in January, according to a survey that will add to growing concerns at the Bank of England about inflation and rampant wage gains.