Wednesday, March 14, 2007

Muted mage growth

Subdued UK pay rises ease inflation fears

Recent increases in average earnings have remained relatively subdued, easing fears of inflationary pay rises that could act as a further trigger for interest rate increases. According to official figures published on Wednesday, average earnings excluding bonuses rose at an annual rate of 3.6 per cent during the three months to the end of January. This was 0.1 percentage point lower than during the previous three monthly period to the end of December. Ironic considering jellycaster's post. Are these the same official figures?

Posted by dohousescrashinthewoods @ 01:50 PM (497 views)
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5 thoughts on “Muted mage growth

  • japanese uncle says:

    This is precisely why New Labor and the business fat cats wish to welcome more and more immigrants. Again it is criminal to attract all the doctors for instance from Poland. What would happen to the sick people in the country devoid of medical staff.

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  • Also how can the residents of UK Plc even consider saving for their old-age etc when real infation is also greater than wage rises, housing costs are astronomical and a fresh batch of stealth taxes are currently being plotted by Gordon on the back of so called global warming.

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  • Umm, this data is contradicted by other wage studies. 4.1% is the figure I’ve heard.

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  • dohousescrashinthewoods says:

    Interesting, Paul, so “official figures” are painting an optimistic picture?
    Do you remember where you spotted the 4.1%?

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  • tyrellcorporation says:

    I spotted 4.1% too but can’t remember where.

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