UK pay after inflation rose at its fastest rate in over three years, with a 3.4% increase in pay packets between September and November after accounting for price rises. Strong private sector wage growth outpaced public sector earnings, leading to expectations of a Bank of England interest rate cut to 4.5% in February despite concerns about potential inflationary pressures from rising wages. The UK’s unemployment rate rose to 4.4% while vacancies decreased, with caution advised on interpreting jobs data due to low response rates, as businesses may face pressure to cut costs amid higher National Insurance bills, potentially impacting wage rises and staffing levels.
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Formula 1: Liam Lawson disappointed with qualifying effort, to start 13th in Spanish Grand Prix
Liam Lawson will start 13th in the Spanish Grand Prix after being eliminated in the second qualifying session, falling just 0.152 seconds short of reaching Q3. Despite the disappointing result, Lawson's last lap was his fastest of the weekend, indicating progress as he prepares for the race. This qualifying outcome is a setback compared to his recent performance in Monaco, where he qualified ninth and finished eighth, leaving him feeling disappointed. Full Article
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