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Britain's statistics office is still overhauling its main survey, complicating the task of assessing Britain's underlying inflationary heat. But separate data collected by tax authorities on employee numbers and wages, as well as figures on vacancies, will be watched clo...
The Bank of England begantentatively researching CBDCs in November 2020, as reported by Cointelegraph. In April, the central bankposted a list of vacancies related to CBDCresearch and development. The Bank of England remains skeptical of cryptocurrencies, however, with its governor Andrew Bailey...
The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. At its meeting ending on 31 January 2024, the MPC voted by a majority of 6–3 to maintain Bank Rate...
Rate-setters at the Bank of England have again stressed that interest rates will have to remain higher than markets currently expect.
"While the total number of vacancies remain high, it has now been falling for a year and the pace of decline has accelerated recently. "Pay excluding bonuses has again risen at record levels in cash terms. Due to high inflation, however, the real value of weekly earnings are still f...
The tight domestic labour market, which currently features more vacancies than job-seeking unemployed, is also a factor. The MPC forecast that wages will rise 6% this year as employers battle to recruit and retain staff, but warned that as the recession bites unemployment could begin to rise ne...
Turrell, A., Speigner, B., Djumalieva, J., Copple, D., and Thurgood, J. (2018).Using job vacancies to understand the effects of labour market mismatch on UK output and productivity, Staff Working Paper 737, Bank of England. Pre-requisites ...
Jane Gratton, head of people policy at the British Chambers of Commerce, said vacancies remained “a drag anchor on firms, preventing them from fulfilling orders and taking on new work”. She called for ministers to swiftly implement theirpromised expansion of free childcareand to be “pragmatic...
There is mounting evidence that employers have cut headcount in the wake of the Budget announcements, with official data showing payroll employment fell in November and December as vacancies kept sliding. Survey data published on Friday suggested the share of businesses cutting staffing levels was high...