Wage growth cools more than expected as Rachel Reeves tax increases add to labour market slowdown

Wage growth cools more than expected as Rachel Reeves tax increases add to labour market slowdown

New figures from the Office for National Statistics show average regular earnings fell to 5.2 per cent in the three months to April

The rate of UK unemployment increased to 4.6 per cent in the three months to April, from 4.5 per cent in the three months to March, the Office for National Statistics said today.

Britain’s economy shrank at the start of the second quarter, official figures show, in a blow for the Chancellor just a day after her spending review.

Chancellor giving interviews as UK economy shrinks by 0.3% as she faces questions over whether taxes might have to rise in the autumn