Pay

Wages 'bright spot of UK economy'

Those earnings figures have pleased Tom Stevenson, investment director for Personal Investing at Fidelity International. He said:

Wages are still the bright spot of the UK economy. The murky outlook is leading businesses to hire now with the option to fire later rather than make irreversible investments in new kit. Perhaps it is still too soon to get ahead of ourselves, though - a week before new inflation data, there’s a question mark over how real the earnings growth is. Rising wages are bound in due course to feed through into wider price rises.

Ethiopian fashion industry workers 'lowest paid in the world'
A report found that some in the Ethiopian fashion garment industry earn as little as $26 a month.