Rolling coverage of the latest economic and financial news, as UK wage growth softens over the last quarters and vacancies fall again
The Chancellor of the Exchequer, Jeremy Hunt, has issued a brief statement outlining the government’s efforts to support employment:
“It’s positive to see inflation continue to fall and real wages growing.
At the Autumn Statement, I announced an ambitious set of measures to get more people into work and boost economic growth. This includes a significant expansion of health support and an over £9bn per year tax cut for employees and the self-employed, worth over £450 for the average worker,”.
“Our labour market figures continue to show a largely unchanged picture, with the proportions of people who are employed, unemployed or who are neither working nor looking for a job all little changed on the previous quarter.
“Job vacancies fell again. This is now the longest period of decline on record, longer than in the immediate aftermath of the 2008 downturn. Nevertheless, the number of vacancies still remains well above its pre-pandemic level.
