Deloitte comments on today's ONS labour market figures
Commenting on today’s ONS labour market figures, Ian Stewart, chief economist at Deloitte, said:
“The UK is generating higher levels of wage pressures than other major industrial countries. Pay growth of over 8% is not consistent with the Bank of England’s 2% inflation target, and despite a softening labour market, it seems likely that the Bank will raise interest rates again when they meet next week.”
NEWSROOM
About Deloitte
In this press release references to “Deloitte” are references to one or more of Deloitte Touche Tohmatsu Limited (“DTTL”) a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see deloitte.com/about for a detailed description of the legal structure of DTTL and its member firms.
Deloitte LLP is a subsidiary of Deloitte NSE LLP, which is a member firm of DTTL, and is among the UK's leading professional services firms.
The information contained in this press release is correct at the time of going to press.
For more information, please visit www.deloitte.co.uk.
Member of Deloitte Touche Tohmatsu Limited.
Imran Choudhury
Public Relations Manager
Tel: +44 (0) 172 788 4004
ichoudhury@deloitte.co.uk