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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Students cut back on food as cost of living soars
admin, , Business, 0
The findings come as a separate survey by website Save the Student showed respondents spent £1,078 per month on...
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‘Furlough mums and dads while schools are off’ says TUC
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However, there is a growing debate over whether the new coronavirus strain, which is significantly more infectious than the...
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Fed holds interest rates steady – for now
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A three-year pause on student loan payments is also due to expire in coming weeks, while Washington is at...
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Wilko: Warning warehouse staff face redundancy
admin, , Business, 0
In a note to its members, the GMB said: “Although further details have been requested from the bidder, we...
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Holidaymakers caught out by 10-year-passport rule
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“But if you’re travelling later, maybe in the May bank holidays or the summer holidays then you’ve got time...
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UK hits back at criticism from World Bank over aid cuts
admin, , Business, 0
Speaking to the BBC, Axel van Trotsenburg, senior managing director at the World Bank, explained how every dollar counts....
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KPMG boss Bill Michael quits after ‘stop moaning’ row
admin, , Business, 0
In a video of the meeting widely circulated online, Mr Michael said: “I have spoken to a lot of...
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Shipping boss: ‘Christmas will be safe’ from shortages
admin, , Business, 0
Mr Skou estimated that approximately 300 large container ships around the world are sitting waiting outside ports. Almost 80...
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