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Tag: Wage Growth

UK labor market shows signs of weakness ahead of employer tax hike 

Posted on April 15, 2025April 15, 2025

LONDON: Britain’s labor market showed signs of weakening ahead of this month’s increase in a tax on employers, data released Tuesday showed. However, strong wage growth persisted, complicating the Bank of England’s efforts to curb inflation.  Financial markets indicate a 90% chance of a quarter-point interest rate cut when policymakers meet in early May, followed by…

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