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29th May 2024 17:47UKDaily Monitor

  • The National Living Wage hike will push private-sector regular pay to a solid 0.8% month-to-month April rise.
  • But survey indicators continue to signal gradually slowing wage growth, as recruitment difficulties ease.
  • Average weekly earnings growth should slow decisively in H2 2024 as the NLW distortions fade.

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Keywords for: 31 May 2024 UK Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence