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Evening Standard
Evening Standard
Holly Williams

Wage growth accelerates despite flagging jobs market

MPC Office for National Statistics Matt Swannell Rachel Reeves the EY Item Club PA Graphics The Monetary Policy Committee
Wages were also outstripping inflation at the fastest pace since August 2021 (Alamy/PA) -

Wage growth has picked up pace in spite of “warning lights” flashing over the wider jobs market as fears grow about the impact of Labour’s Budget measures.

Official figures revealed that average regular pay surged again, to 5.6% in the three months to November, which is the highest since last May and up from 5.2% in the previous three months, driven by growth in the private sector.

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