Bloomberg UK wages rose quicker than expected at the end of 2022, heaping pressure on the Bank of England to deliver another interest-rate increase next month. Average earnings excluding bonuses were 6.7% higher in the three months through December from the previous year, the Office for National Statistics said Tuesday. That’s the fastest pace since records began in 2001, excluding ...

Bloomberg The economy lost nearly 2.5 million working days to strikes last year as Britain suffered its most severe industrial action since Margaret Thatcher was in power. The Office for National Statistics said Tuesday that 843,000 working days were lost due to labor disputes in December, making it the worst month in more than a decade. That took the total ...

Bloomberg Employment in Scotland hit a record high at the end of 2022 as tightness in the labor market spread to all corners of the UK. The portion of adults who have a job climbed to 76.6% in the three months ending December, up 2.4 percentage points from a year earlier. The figures from the Office for National Statistics on ...