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That's according to the Office for National Statistics. UK inflation was higher than expected in May as rising food prices offset a drop in air fares and transport costs, new official figures show. The rate of Consumer Prices Index (CPI) inflation fell to 3.4% in May from 3.5% in April, the Office for National Statistics (ONS) said. However, the ONS said that an error in vehicle tax data collected meant […]
Wage growth has eased back while Britain’s unemployment rate has hit a near four-year high as the UK jobs market falters amid worries over the impact of soaring employee costs for companies. The Office for National Statistics (ONS) said the latest official figures showed further signs of a “cooling” labour market, with average regular earnings growth falling to 5.6% in the three months to March. This is down from 5.9% […]
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