Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
Reporting on key macro data at the time of release.
Real-time insight on key fixed income and fx markets.
- Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- MNI ResearchMNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
- About Us
Sign up now for free access to this content.
Please enter your details below and select your areas of interest.
Regular pay rose by an annual rate of 5.6% in the three months to April (up from 4.3% in Q1), the biggest increase on record, with earnings flattered by easy 2020 comparisons, when the effects of the pandemic first wreaked havoc with the economy. Total earnings also increased by 5.6% (boosted by an 8.4% surge in the month of April), the biggest rise since March 2007, the Office for National Statistics said.
Bonuses increased by 9.0% in the latest three months, and by 32.1% in April, amid reports of signing-on incentives in certain areas of the economy. Real regular earnings increased by a record high of 4.4% from 3.3% in Q1, while real nominal earnings increased by 4.4%, the biggest rise since April of 2001. Approximately 1.5% of earnings growth is due to the compositional effect of earnings, with job growth over the spring concentrated in higher-paid roles.