Bulletin

Jobs revival drives growth in wages to fastest for two years

Official data yesterday showed that the UK labour market has continued to strengthen. Regular weekly wage growth accelerated from 1.6% to 1.8% in the three months to November; unemployment fell to a six-year low of 5.8%; and the number of vacancies reached a record high. Chris Williamson, an economist at Markit, commented: 'What's particularly important is that regular wage growth is outstripping inflation to the greatest extent since 2008: this has been the missing ingredient of the UK's economic recovery from the recession.' However Katja Hall, deputy director-general of the CBI, warned: 'Productivity will need to improve significantly before pay can rise faster.'

 

Note: News bulletin content has been provided by a third-party and is not the opinion of Santander.

 

Other Articles

This International Women’s Day, our analysis reveals a continuing untapped potential and huge opportunity when it comes to women in…

London

London-based ACT Clean has secured private investor backing for a £10.2 million management buyout.

Bulletin
Spain

Santander takes 12 UK food and drink manufacturers to Spain on one of our successful trade missions. Adam Payne in the international team…

London

London-based ACT Clean has secured private investor backing for a £10.2 million management buyout.

Bulletin

This International Women’s Day, our analysis reveals a continuing untapped potential and huge opportunity when it comes to women in…

Getting a taste for Spain!

Santander takes 12 UK food and drink manufacturers to Spain on one of our Trade Missions. Alicia Ferrero Vega in the International team…

Bulletin

Where Next?