( AM BiZ ) -q-20- UNDATED (Correspondent Jeremy House) “began in 2001.” Wages in the U.K. are rising at a record high rate amid stubbornly high inflation. [CutID: <Cuts> UK-WAGES-house-q-TUEam.mp3 Time: 20s Title: UK-WAGES-house-q-TUEam Out-cue: began in 2001] TAG: Correspondent Jeremy House reporting. For months, workers have been seeking pay that keeps pace with high […]
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UK wages are rising at a record pace. That makes higher interest rates more likely
( AM BiZ ) -q-20- UNDATED (Correspondent Jeremy House) “began in 2001.”
Wages in the U.K. are rising at a record high rate amid stubbornly high inflation.
[CutID: <Cuts> UK-WAGES-house-q-TUEam.mp3
Time: 20s
Title: UK-WAGES-house-q-TUEam
Out-cue: began in 2001]
TAG: Correspondent Jeremy House reporting. For months, workers have been seeking pay that keeps pace with high inflation, which is running at 8.7% despite declines in energy prices and a series of interest rate increases from the Bank of England.
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VERBATIM: That’s bolstered expectations that interest rates will increase again — to the worry of many homeowners who are seeing their mortgage payments spike. Britain’s Office for National Statistics said wages, excluding bonuses, rose by 7.3% in the three months to May. That matches the highest rate since records began in 2001.