UK pay growth weakest since February 2021, REC survey show
LONDON, Oct 7 (Reuters) -Britain's jobs market showed more signs of cooling in September as pay growth increased at the slowest pace in almost four years, according to a survey likely toreassure the Bank of England as it considers whether to cut borrowing costs again.
The Recruitment and Employment Confederation and KPMG said on Monday their measure of growth in starting pay for people hired to permanent roleshit its lowest since February 2021.
Its monthly permanent job placements index extended a two-year downturn but the drop in hiring was softer than in August.
Jon Holt, KPMG's UK chief executive and senior partner, said companies faced uncertainty about Britain's tax and othereconomic policies ahead of finance minister Rachel Reeves' inaugural annual budget on Oct. 30.
Reeves has warned that some taxes could increase as Prime Minister Keir Starmer's new Labour government seeks to boost public services and investment.
Holt said the easing in pay pressures "could strengthen the case for a further cut in interest rates" at the BoE's next meeting in November.
Last week BoE Governor Andrew Bailey said the central bank could become "a bit more activist" and move more aggressively to cutrates if inflation pressures continued to weaken.
But the central bank's Chief Economist Huw Pill struck a more cautious tone on Friday, saying he preferred a gradual approach.
The REC/KPMG survey also showed that the number of available candidates for roles continued to grow, while the number of vacancies fell for the 11th month in a row and at the fastest pace since March.
Reporting by Suban Abdulla
Editing by William Schomberg
免责声明: XM Group仅提供在线交易平台的执行服务和访问权限，并允许个人查看和/或使用网站或网站所提供的内容，但无意进行任何更改或扩展，也不会更改或扩展其服务和访问权限。所有访问和使用权限，将受下列条款与条例约束：(i) 条款与条例；(ii) 风险提示；以及(iii) 完整免责声明。请注意，网站所提供的所有讯息，仅限一般资讯用途。此外，XM所有在线交易平台的内容并不构成，也不能被用于任何未经授权的金融市场交易邀约和/或邀请。金融市场交易对于您的投资资本含有重大风险。
所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。
本网站上由XM和第三方供应商所提供的所有内容，包括意见、新闻、研究、分析、价格、其他资讯和第三方网站链接，皆保持不变，并作为一般市场评论所提供，而非投资性建议。所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为适用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。请确保您已阅读并完全理解，XM非独立投资研究提示和风险提示相关资讯，更多详情请点击 这里。
