You are here

Pay growth revives hopes that UK is casting off crisis hangover

This puts prospect of BOE finally raising rates back on the agenda for investors

The Office for National Statistics (ONS) said total average weekly earnings in the three months to April, including bonuses, rose by 2.7 per cent compared with the same period a year earlier. That was the strongest increase since the summer of 2011.


BRITISH workers' pay grew at its fastest rate in nearly four years in the three months to April, putting the prospect of the Bank of England (BOE) finally raising interest rates firmly back on the agenda for investors.

A long-awaited recovery in living standards seemed to be...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to