UK pay growth weakest since February 2021, REC survey show

A recent survey by REC and KPMG shows Britain’s job market cooling, with starting pay growth hitting its lowest since February 2021. While permanent job placements continued their two-year decline, the drop was less severe than in August. The survey also revealed increasing candidate availability and falling vacancies. This trend might influence the Bank of England’s decision on interest rates at its November meeting.READ FULL