UK - advertised starting salaries reached the highest level in two years

On Wednesday Bank of England Bank of England The Bank of England (BoE) functions as the United Kingdom’s central bank and is one of the key drivers of monetary policy in Europe. As one of the world’s oldest central banks and established in 1694, the BoE is owned by the British government. Its central mandate involves maintaining and targeting interest rates while using other tools to help either stimulate or contract the economy. Moreover, the BoE is responsible for producing the UK’s bank notes as well as supervising key bank payment sy The Bank of England (BoE) functions as the United Kingdom’s central bank and is one of the key drivers of monetary policy in Europe. As one of the world’s oldest central banks and established in 1694, the BoE is owned by the British government. Its central mandate involves maintaining and targeting interest rates while using other tools to help either stimulate or contract the economy. Moreover, the BoE is responsible for producing the UK’s bank notes as well as supervising key bank payment sy Read this Term Monetary Policy Committee member Mann warned of recalcitrant inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term:

• ICYMI: BoE MPC member Mann says UK has a bigger inflation problem than the US or Eurozone

Via job search website Adzuna's survey comes the news that wage growth may proper up inflation further:

• Starting salaries advertised in Britain reached the highest level in two years in April
• the most job vacancies since December
• Adzuna's survey showed advertised annual salaries had increased each month since October 2022, and up 2.9% in April y/y - highest in 2 years

Info comes via Reuters report

--

Thankfully for workers, this guy doesn't have the final say in pay:

• BoE's Pill tells Brits to accept they are poorer, stop trying for higher wages

Nor this guy:

• Bank of England Governor Bailey says the quiet part out loud