( ) -q-23- UNDATED (Correspondent Jeremy House) “recorded for January.” Official figures show that wages in the U.K. spiked sharply in April. [CutID: <Cuts> UK-WAGES-house-q-TUEam.mp3 Time: 23s Title: UK-WAGES-house-q-TUEam Out-cue: recorded for January] TAG: Correspondent Jeremy House reporting. Though wages are still lagging the headline rate of inflation, the increase is likely to feature heavily […]
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UK wages rise sharply in April, which could prompt further rate hikes
( ) -q-23- UNDATED (Correspondent Jeremy House) “recorded for January.”
Official figures show that wages in the U.K. spiked sharply in April.
[CutID: <Cuts> UK-WAGES-house-q-TUEam.mp3
Time: 23s
Title: UK-WAGES-house-q-TUEam
Out-cue: recorded for January]
TAG: Correspondent Jeremy House reporting. Though wages are still lagging the headline rate of inflation, the increase is likely to feature heavily in next week’s deliberations among rate-setters at the Bank of England.
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VERBATIM: It’s a development that is set to cement expectations that the Bank of England will raise interest rates once again next week. The Office for National Statistics found that people’s regular pay packets were up 7.2% in the three months to April from the same period the year before. That’s up from the equivalent 6.6% year-on-year increase recorded for January.