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BUSINESS LIVE: A wage increase is ringing the alarm bells for pensioners


BUSINESS LIFE: The salary surge sets the alarm bells ringing for retirees; The Asos share price falls sharply; City watchman promises to become “more assertive”

  • New data shows that the number of job vacancies has reached pre-pandemic levels
  • For the three months to May, total annual wage growth reached 7.3%, ONSS said
  • Online retailer Asos has lost its share price by over 14% today
  • Financial Conduct Authority promises to become more “assertive” in its approach

New figures released this morning by the Office for National Statistics showed that the number of job vacancies in the UK exceeded pre-pandemic levels in the three months to June.

According to the ONS, 862,000 jobs were offered in the UK between April and June, 77,500 more than in the same quarter of 2020.

The ONS said the increase was due to “hospitality, wholesale and retail”. The number of employees also rose by 356,000 in June, as the figures show.

According to the ONS, however, the number of employees was 28.9 million, 206,000 below the pre-pandemic level.

In the three months to May, total annual wage growth reached 7.3 percent and the standard annual wage rose 6.6 percent.

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