UK wage inflation emerges

Starting salary increases approached a seven-year high, with all regions of the UK experiencing rapid rises, according to data from the Recruitment and Employment Confederation, KPMG and IHS Markit.

LONDON: British companies are raising wages more rapidly to overcome difficulties in attracting staff, adding to upward pressures on inflation as pandemic restrictions ease.

Starting salary increases approached a seven-year high, with all regions of the UK experiencing rapid rises, according to data from the Recruitment and Employment Confederation, KPMG and IHS Markit.