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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Hapag-Lloyd says Red Sea route still ‘too dangerous’
admin, , Business, 0
“Amid a global recession, Egypt is grappling with shortages of foreign exchange reserves caused by the impact on the...
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Gas prices hit new record sparking fears over bill rises
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Sarah Hewin, a senior economist at Standard Chartered Bank, agreed, warning that with rising gas prices feeding into higher...
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Post Office victim settles but feels ‘guilt’
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“To walk along that landing, with all those people in the hall ,” she said. “But seriously, when I...
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Rail passengers told to avoid travel in heatwave
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Jac Starr, chief executive of the Rail Delivery Group, said: “During hot weather, it’s really important to carry water...
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Emirates will keep flying to Russia unless its owner stops it
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Abu Dhabi has also not severed economic ties with Moscow. It was one of only three countries, along with...
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Shipping boss: ‘Christmas will be safe’ from shortages
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Mr Skou estimated that approximately 300 large container ships around the world are sitting waiting outside ports. Almost 80...
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Diesel delivery highlights UK dependence on Russia
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It’s a controversial choice. “This shipment of diesel, along with the other fossil fuels that have been allowed to...
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Spending review: Chancellor warns of ‘lasting’ damage to UK economy
admin, , Business, 0
Biden says White House co-operation ‘sincere’ The president-elect describes the Trump administration’s help with the transition as not “begrudging”.
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