Today’s ONS figures indicate that regular wage growth has been slowing but remains elevated at 5% in June 2025. Here’s a short thread from @MichailMonica on the recent labour market movements:
⚡️OUT NOW ⚡️ Beyond #Tariffs - What next for the #GlobalEconomy ? 🌎
In our latest #MondayInterview and ahead of the publication of the summer Global Economic Outlook, @MichailMonica explores some of the issues affecting the world economies ⬇️⬇️⬇️
https://t.co/TFsXNuetq0
Given signs of labour market cooling, we expect the Bank of England to implement one further #rate cut this year.📉
4/4 ENDS
Our full analysis will be out shortly, in the meantime you can read what we said last month here ⬇️
https://t.co/wM94MExkr7
Today’s ONS figures indicate that regular wage growth remains elevated at 5% in May 2025.
Here’s a short thread on the recent labour market movements 🧵⬇️
1/4
In the year to May 2025, the UK consumer price index rose by 3.4%—0.1 percentage points lower than in the previous month.
It remains the second highest in the G7, after Japan.