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The figure represented a slight slowdown in regular pay growth from 7.9% in the previous two ONS reports, the highest since the data collection began in 2001. "The labour market remains very tight and businesses are still struggling to hire the people they need," Alexandra Hall-Chen, a policy advisor at the Institute of Directors, said. Including bonuses, which are typically volatile, pay growth slowed to 7.9% from 8.2% in the three months to August. "While there is some uncertainty around the accuracy of this data release, other indicators also suggest the labour market is gradually cooling, not collapsing," Jake Finney, an economist at PwC UK, said. Hunt said his Nov. 22 update on the budget and economic count would include "plans to get people back into work and deliver growth for the UK."
Persons: Big Ben, Toby Melville, Alexandra Hall, Chen, BoE, Sterling, Jake Finney, Jeremy Hunt, Hunt, William Schomberg, Sachin Ravikumar, Kylie MacLellan, David Milliken, Ed Osmond Organizations: REUTERS, LONDON, of, Office, National Statistics, Reuters, Institute of Directors, U.S, ONS, Labour Force Survey, PwC, Thomson Locations: London, Britain
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