UK jobs market cools again as wage growth slows | Economics
British wage growth slowed to its lowest level in two years in May due to a weakening jobs market, highlighting the challenges for the Bank of England as policymakers consider whether to cut interest rates. The numbers are UK Office for National Statistics The ONS said annual wage growth slowed to 5.7 percent in the […]
Burberry ousts chief executive; China economic growth disappoints – business live | Business
Important Events As expected, Burberry’s shares fell after this shocking news broke on Monday morning. The fashion company’s shares fell 11% in early morning trading. It’s been a pretty tough year. Today’s decline is in the bottom right of the chart below. But it’s been one-way traffic for the majority of 2024. The stock is […]
UK economy returned to growth in May | Office for National Statistics
The UK economy returned to growth in May after a slowing April, resuming its recovery from last year’s recession. Britain’s gross domestic product (GDP) grew 0.4% month-on-month, after registering zero growth in April when wet weather hit consumer spending, according to figures from the Office for National Statistics (ONS). City economists had expected growth of […]