Saturday, 22 August 2026
Iran war prompts cost of living squeeze for workers as ONS reports unemployment rate stays at 4.9% Business live – latest updates Wage growth in the UK slowed in June and vacancies hit a five-year low as workers came under pressure from a renewed cost of living squeeze amid the…
Headline and excerpt published by The Guardian. The full article is on their site.
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Read the full story at The GuardianSlowing wage growth and falling job vacancies weaken labor bargaining power and reduce hiring momentum, headwind for consumer discretionary demand and tailwind for labor-intensive service providers with pricing power.
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