ECONOMICS COMMENTARY
Jun 06, 2014
UK pay growth reviving as skill shortages rise at fastest rate since 1997
Surging demand for staff and near-record skill shortages meant pay rates offered by UK companies to attract suitable workers continued to rise at a rapid pace in May. The data add to signs that the UK's economic recovery is increasingly filtering through to improved wage growth, flashing inflationary warning lights at the Bank of England. Wage growth is likely to be a key determinant of when interest rates are likely to start rising.
{"items" : [
{"name":"share","enabled":true,"desc":"<strong>Share</strong>","mobdesc":"Share","options":[ {"name":"facebook","url":"https://www.facebook.com/sharer.php?u=http%3a%2f%2fprod.azure.ihsmarkit.com%2fmarketintelligence%2fen%2fmi%2fresearch-analysis%2f06062014080000UK-pay-growth-reviving-as-skill-shortages-rise-at-fastest-rate-since-1997-.html","enabled":true},{"name":"twitter","url":"https://twitter.com/intent/tweet?url=http%3a%2f%2fprod.azure.ihsmarkit.com%2fmarketintelligence%2fen%2fmi%2fresearch-analysis%2f06062014080000UK-pay-growth-reviving-as-skill-shortages-rise-at-fastest-rate-since-1997-.html&text=UK+pay+growth+reviving+as+skill+shortages+rise+at+fastest+rate+since+1997","enabled":true},{"name":"linkedin","url":"https://www.linkedin.com/sharing/share-offsite/?url=http%3a%2f%2fprod.azure.ihsmarkit.com%2fmarketintelligence%2fen%2fmi%2fresearch-analysis%2f06062014080000UK-pay-growth-reviving-as-skill-shortages-rise-at-fastest-rate-since-1997-.html","enabled":true},{"name":"email","url":"?subject=UK pay growth reviving as skill shortages rise at fastest rate since 1997&body=http%3a%2f%2fprod.azure.ihsmarkit.com%2fmarketintelligence%2fen%2fmi%2fresearch-analysis%2f06062014080000UK-pay-growth-reviving-as-skill-shortages-rise-at-fastest-rate-since-1997-.html","enabled":true},{"name":"whatsapp","url":"https://api.whatsapp.com/send?text=UK+pay+growth+reviving+as+skill+shortages+rise+at+fastest+rate+since+1997 http%3a%2f%2fprod.azure.ihsmarkit.com%2fmarketintelligence%2fen%2fmi%2fresearch-analysis%2f06062014080000UK-pay-growth-reviving-as-skill-shortages-rise-at-fastest-rate-since-1997-.html","enabled":true}]}, {"name":"rtt","enabled":true,"mobdesc":"Top"}
]}