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22nd Apr 2024 17:43UK, Daily Monitor

  • Major employers are matching April’s 9.8% NLW hike for those earning a little above the minimum wage.
  • The BoE Agents survey finds stronger pay growth than last year in consumer goods and services firms.
  • We expect the NLW to boost private pay by 0.5%, with
    upside risk, compared to the MPC’s 0.3% forecast.

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Keywords for: 23 April 2024 UK Monitor

Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence