• 11/27/2024

U.K. Needs Higher Interest Rates, Not Just More Workers, to Curb Wage Growth

Wall Street Journal

The recent decline in the number of job vacancies in the U.K. suggests upward pressure on wage growth from labor shortages is probably past its peak, Ashley Webb, economist at Capital Economics, writes in a note.

https://www.wsj.com/articles/u-k-needs-higher-interest-rates-not-just-more-workers-to-curb-wage-growth-247ba954