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UK wage growth accelerated in the three months to November even as employers cut jobs after the Labour government’s tax-raising Budget, official data showed on Tuesday.
The Office for National Statistics said payrolled employment fell by 0.1 per cent between October and November and was 11,000 lower in the three months to November than the previous quarter.
Early estimates for December suggest a bigger month on month drop of 47,000 to 30.3mn in the payrolled workforce.
At the same time, wage growth strengthened. Average weekly earnings in the three months to November were 5.6 per cent higher than a year earlier, both including and excluding bonuses, the ONS said.
That was in line with analysts’ expectations and up from a growth rate of 5.2 per cent in the three months to October, driven by private sector earnings.Â
This is a developing story