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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Ryanair boss O’Leary says the era of €10 flights is over
admin, , Business, 0
As airfares have become cheaper in recent decades, the number of flights taken has risen, with more people taking...
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Telegraph Media Group set to be put up for sale
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“The decision… follows numerous discussions with B.UK’s parent company, Penultimate Investment Holdings Limited (PIHL). The aim of these discussions,...
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‘I harvest 70 million daffodils a year but £1 a bunch can’t last’
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The changes to how the UK trades with Europe has also added to the work involved in selling his...
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Ford to make electric car parts at Halewood plant
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The carmaking giant is investing up to £230m in its Halewood plant, safeguarding 500 jobs.
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Rural buses: Councils opt for ‘on-demand’ services in face of cuts
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Philip Hiscock, who has kept a close eye on transport options around Wiltshire for years, says it is better...
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FTSE 100 suffers worst year since financial crisis
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“The factors which worked against the FTSE-100 in 2020 – the pandemic, a deep recession and Brexit – will...
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US firms add more jobs than expected in May
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As companies compete for workers, pay has been rising faster than it has in years. Last month, the average...
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M&S warns of new food supplies threat as Brexit rules change
admin, , Business, 0
In a letter to suppliers, first reported by the Times, M&S set out a wide range of problems, including...
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