The pace of wage growth, already described as “unsustainable” by the governor of the Bank of England, has risen further, according to shock official figures.
Source: Sky Business News
Category Archives: Services
Record wage growth fuels fresh inflation fears
Regular pay excluding bonuses grew at an annual pace of 7.3%, equalling the highest growth rate.
Source: BBC
Official Statistics: Earnings and employment from Pay As You Earn Real Time Information, UK: July 2023
Experimental monthly estimates of payrolled employees and their pay from HM Revenue and Customs’ (HMRC) Pay As You Earn (PAYE) Real Time Information (RTI) data. Includes a flash estimate of payrolled employment and median pay for the most recent month, by geographical regions (NUTS1 and NUTS2), industrial sector (SIC2007) and age bands. This is a joint release between HMRC and the Office for National Statistics (ONS).
Source: HMRC
China top threat to UK economic security – Dowden
The government intervened in eight takeovers of UK firms by Chinese buyers last year, figures show
Source: BBC
Foxconn: Apple supplier drops out of $20bn India factory plan
Some analysts say Foxconn’s decision marks a setback to the country’s technology industry ambitions.
Source: BBC
Privacy activists slam EU-US pact on data sharing
The deal overcame objections about US intelligence agencies’ level of access to European data.
Source: BBC
Air travel in Africa: Costly flights hold the continent back
Flying within Africa is extremely costly – and this is holding the continent back.
Source: BBC
Threads: Meta sets out planned new features
The firm has said the current app is an initial version and changes such as a new feed are planned.
Source: BBC
Mortgage rates soar to cusp of mini-budget peak
Lenders will be questioned in front of MPs on Tuesday as homeowners face higher monthly payments.
Source: BBC
City financier Truell makes approach for pensions master trust STM
One of the City’s most prominent financiers has made an approach to acquire STM Group, a London-listed pensions administrator.
Source: Sky Business News
