This is hard to reconcile with the more reliable but less up-to-date quarterly figures, showing pay rises at 3.7%, lagging price inflation. But statistical confusion will work itself out over time. Meanwhile, these figures will do nothing to discourage the Bank of England from raising interest rates a third time the next time its interest rate setters meet.
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John Lewis to pull ‘Never knowingly undersold’ pledge
admin, , Business, 0
Image copyright John Lewis Image caption Sharon White became chief executive of John Lewis in February John Lewis is...
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Supermarket push to cut waste hits food bank donations
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Food charity Fareshare says donations from the major grocers have fallen, just as demand has surged.
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Shoppers desert High Street after record rain storms
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Pete Terry, managing director of Disco Bowl, which owns a chain of bowling alleys across the UK, including in...
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COP 26: Four major carmakers fail to back zero emissions pledge
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Toyota, which put its first commercially produced electric cars on the road in 1997, said it will “provide the...
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Gamers help Currys through challenging Christmas
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“I’ve mentioned our colleagues are more engaged, they’re telling us they’re happier than ever and that’s because we’ve worked...
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Gap to close all 81 stores in UK and Ireland
admin, , Business, 0
Gap blamed what it described as market dynamics – in other words, the huge shift to internet shopping. It’s...
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Covid: Should I be working from home or going back to the office?
admin, , Business, 0
If employees feel unsafe, they can contact their local authority, Citizens Advice or the Health and Safety Executive (HSE)....
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Mortgage lenders halt some deals after pound falls
admin, , Business, 0
Two lenders, Virgin Money and Skipton, say they will stop mortgage offers to new customers.
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