Turnaround in UK Wage Growth Poses Challenge for BOE and Starmer
- Reed Recruitment vacancies data show pay growth at 2024 high
- Staff scarcity could hold up BOE cuts, hit Labour growth plans
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New data on UK wages are raising awkward questions for both Bank of England Governor Andrew Bailey and Prime Minister Keir Starmer.
Figures from Reed Recruitment reveal that a long-running decline in pay growth seen in its job postings halted and even started to reverse in recent months, hitting its highest level in 2024 during the three months to July.