Strong wage growth will further delay cut in UK interest rates, City believes
First cuts not expected until late summer or early autumn despite evidence jobs market is cooling
Business live
Pre-election UK interest rate cut unlikely despite cooling jobs market and rising mortgage arrears; Moody’s warns France over snap election – as it happened
Latest UK labour market report shows signs of cooling, as jobless rate hits highest since 2021
UK unemployment is up, but wage rises make early interest rate cut less likely
Bank of England will want to delay rate reduction until level of pay increases eases
May 2024
Five pieces of economic news that could affect UK election result
Jeremy Hunt and Mel Stride warn against benefits ‘lifestyle choice’
Business live
Bank of England chief economist hints at summer rate cut; Tesco CEO’s pay doubles to nearly £10m– as it happened
UK unemployment may not reach its worst, but economic rebound will stall
UK real pay grows at fastest rate in two years as unemployment rises
Economics viewpoint
Impact of pandemic on wellbeing of the young and the economy must not be trivialised