Oil & Gas Evening / New speaker, Edison Oil Analyst Elaine Reynolds plus #TRP & Hardman CEO Book Tickets Now

Less Ads, More Data, More Tools Register for FREE

UK wages set to rise above inflation

Mon, 14th Apr 2014 09:12

UK wages have returned to pre-recession levels, data is expected to show this week.

The figures, which are due out on Wednesday, are anticipated to reveal a 1.8% jump for the three months ended February 28th, according to a poll of economists carried out by Reuters.

If the data reveals that number, it would mean earnings have risen above the 1.7% climb in the February reading of the consumer price index, and the 1.6% figure expected for March and due to be announced on Tuesday.

The slowdown in the rate on inflation has been attributed largely to a steep decline in price growth.

For its part, Barclays Research on Monday said it also expects average earnings to grow by 1.8%, although excluding bonuses this would be 1.7%, which it added was "in line with our view that wage growth will pick up gradually this year".

Since the financial crisis broke in 2008, inflation has almost consistently outstripped pay, and remains relatively low. Before the crisis levels were around 4-5%.

Monday's prediction comes after a survey of 1,000 medium and large companies found that during the first quarter of 2014 wage settlements increase by an average of 2.5%, according to Incomes Data Services.

NR

More News

PRESS: UK Government Could Backtrack On Flybe Tax Cut - Telegraph

PRESS: UK Government Could Backtrack On Flybe Tax Cut - Telegraph

Today 08:58

UPDATE 1-FTSE 100 tumbles on HSBC cutbacks, Apple warning

* FTSE 100 down 0.6%, FTSE 250 down 0.3%* HSBC biggest drag on main index* Apple revenue warning spurs more coronavirus fears* Utilities outperform blue-chips* NMC up for 2nd consecutive day (Adds news items, analyst comments, updates share prices)B...

Today 08:57

Angling Direct Cautions On Profit Following Bad Winter Weather

Angling Direct Cautions On Profit Following Bad Winter Weather

Today 08:55

FOREX-Euro drops against dollar before Germany's ZEW survey

* Australian dollar falls to one-week low after RBA minutes* Norway's crown plummets to 19-year low vs dollar* Graphic: World FX rates in 2019 http://tmsnrt.rs/2egbfVhBy Olga CotagaLONDON, Feb 18 (Reuters) - The euro weakened on Tuesday, close to th...

Today 08:51

Login to your account

Don't have an account? Click here to register.