Reuters reporting on a survey by the UK's Recruitment and Employment Confederation
- British companies are raising the salaries they offer to new permanent staff at the fastest rate since June 2015 due to a shortage of good-quality staff
- businesses were hiring staff at the joint-fastest rate since April 2015, and running into skills shortages
Reuters not wanting to read too much into the data:
- So far there are only limited signs that widely reported staff shortages are leading to faster overall pay growth, and past REC reports of faster wage growth for new staff have failed to lift average pay rates
Still, this is not bad news!
ps. GBP doing very little .... ditto for most of FX
