l{"id":1193374,"date":"2023-02-14T09:57:38","date_gmt":"2023-02-14T09:57:38","guid":{"rendered":"https:\/\/www.businesstelegraph.co.uk\/ftse-100-hits-record-high-uk-strike-disruption-highest-since-2011-business-live\/"},"modified":"2023-02-14T09:57:38","modified_gmt":"2023-02-14T09:57:38","slug":"ftse-100-hits-record-high-uk-strike-disruption-highest-since-2011-business-live","status":"publish","type":"post","link":"https:\/\/www.businesstelegraph.co.uk\/ftse-100-hits-record-high-uk-strike-disruption-highest-since-2011-business-live\/","title":{"rendered":"FTSE 100 hits record high; UK strike disruption highest since 2011 \u2013 business live"},"content":{"rendered":"<p> <script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\r\n<!-- newscabal uk text -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:inline-block;width:728px;height:90px\"\r\n     data-ad-client=\"ca-pub-8162386273903324\"\r\n     data-ad-slot=\"3688094655\"><\/ins>\r\n<script>\r\n(adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div id=\"liveblog-body\"><gu-island name=\"EnhancePinnedPost\" deferuntil=\"idle\" props=\"{}\" clientonly=\"true\"\/><\/p>\n<div id=\"pinned-post\" data-gu-marker=\"pinned-post\" data-component=\"pinned-post\" class=\"dcr-x2q1t5\"><input type=\"checkbox\" id=\"pinned-post-checkbox\" name=\"pinned-post-checkbox\" tabindex=\"-1\" class=\"dcr-11n52fl\"\/><\/p>\n<div id=\"collapsible-body\" class=\"dcr-1axsptg\">\n<article class=\"block dcr-v4n3a3\">\n<header class=\"dcr-88va8u\">\n<h2 class=\"dcr-e6uddv\">FTSE 100 hits record high, with 8,000 points in view<\/h2>\n<\/header>\n<p class=\"dcr-h26idz\"><strong>In the City, the UK\u2019s blue-chip share index has hit a new record high, as it continues to rally in 2023.<\/strong><\/p>\n<p class=\"dcr-h26idz\">The FTSE 100 index has jumped by 36 points, or 0.45%, to 7986 points \u2013 its highest point on record.<\/p>\n<p class=\"dcr-h26idz\">The FTSE has now gained 7% so far this year, as markets have been lifted by hope that inflation may have peaked, meaning central banks may slow their interest rate increases.<\/p>\n<p class=\"dcr-h26idz\">The index hit its first record high since 2018 <a href=\"https:\/\/www.theguardian.com\/business\/2023\/feb\/03\/ftse-100-hits-record-high\" data-link-name=\"in body link\">at the start of this month<\/a>.<\/p>\n<p class=\"dcr-h26idz\">Traders are hopeful that US inflation fell last month \u2013 we get January\u2019s CPI report at 1.30pm UK time.<\/p>\n<p class=\"dcr-h26idz\">Mobile operator <strong>Vodafone<\/strong> is among the top FTSE 100 risers, up 1.8%. Yesterday, US telecoms group Liberty Global announced it had taken a 5% stake in <a href=\"https:\/\/www.theguardian.com\/business\/vodafonegroup\" data-link-name=\"in body link\">Vodafone<\/a> in a bet on the UK company\u2019s revival \u2013 but has ruled out making a takeover bid.<\/p>\n<figure id=\"cb49756d-39c9-4daf-89de-b2730e83bd36\" data-spacefinder-role=\"inline\" data-spacefinder-type=\"model.dotcomrendering.pageElements.RichLinkBlockElement\" class=\" dcr-173mewl\"><gu-island name=\"RichLinkComponent\" deferuntil=\"idle\" props=\"{&quot;richLinkIndex&quot;:6,&quot;element&quot;:{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.RichLinkBlockElement&quot;,&quot;url&quot;:&quot;https:\/\/www.theguardian.com\/business\/2023\/feb\/13\/us-liberty-global-buys-stake-in-vodafone-after-tumultuous-year&quot;,&quot;text&quot;:&quot;US firm Liberty Global buys stake in Vodafone after tumultuous year&quot;,&quot;prefix&quot;:&quot;Related: &quot;,&quot;role&quot;:&quot;inline&quot;,&quot;elementId&quot;:&quot;cb49756d-39c9-4daf-89de-b2730e83bd36&quot;},&quot;ajaxUrl&quot;:&quot;https:\/\/api.nextgen.guardianapps.co.uk&quot;,&quot;format&quot;:{&quot;display&quot;:0,&quot;theme&quot;:0,&quot;design&quot;:10}}\"\/><\/figure>\n<p class=\"dcr-h26idz\">The FTSE 100 has also started the week on a very positive note, says <strong>Sophie<\/strong> <strong>Lund-Yates<\/strong>, lead equity analyst at <strong>Hargreaves Lansdown<\/strong>:<\/p>\n<blockquote class=\"dcr-1vwjs1l\">\n<p><svg viewbox=\"4 4 24 16\" class=\"css-cumn2r\"><path d=\"M9.2776 8H14.0473C13.4732 12.5489 12.9653 17.0095 12.7445 22H4C4.79495 17.142 6.4511 12.5489 9.2776 8ZM20.3852 8H25.0887C24.5808 12.5489 24.0067 17.0095 23.7859 22H15.0635C15.9688 17.142 17.5587 12.5489 20.3852 8Z\"\/><\/svg>There is a great deal of attention going on US and UK inflation data this week, with hopes that the Federal Reserve is going to stick to the hymn sheet when it comes to the expected 25 basis point increase in interest rates expected in March.<\/p>\n<\/blockquote>\n<p class=\"dcr-h26idz\">She warns, though, that the UK\u2019s market mood can change \u201con a dime\u201d:<\/p>\n<blockquote class=\"dcr-1vwjs1l\">\n<p><svg viewbox=\"4 4 24 16\" class=\"css-cumn2r\"><path d=\"M9.2776 8H14.0473C13.4732 12.5489 12.9653 17.0095 12.7445 22H4C4.79495 17.142 6.4511 12.5489 9.2776 8ZM20.3852 8H25.0887C24.5808 12.5489 24.0067 17.0095 23.7859 22H15.0635C15.9688 17.142 17.5587 12.5489 20.3852 8Z\"\/><\/svg>Although the economy\u2019s holding up well for now, there are still question marks hanging over corporate margins and consumer spending power, which the forward-looking FTSE may not have correctly priced in.<\/p>\n<\/blockquote>\n<footer class=\"dcr-3i7iba\">\n<p><time datetime=\"2023-02-14T08:25:38.000Z\" title=\"Last updated Tuesday, 14 February 2023, 08:25 Coordinated Universal Time\">Updated at 08.25\u00a0GMT<\/time><\/p>\n<\/footer>\n<\/article>\n<\/div>\n<p><label for=\"pinned-post-checkbox\" id=\"pinned-post-button\" class=\"dcr-xytiqj\"><span id=\"svgminus\" class=\"dcr-yhdhkr\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewbox=\"-3 -3 30 30\" focusable=\"false\" aria-hidden=\"true\"><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M1 10.75v2.5h22v-2.5H1Z\"\/><\/svg><\/span><span id=\"svgplus\" class=\"dcr-yhdhkr\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewbox=\"-3 -3 30 30\" focusable=\"false\" aria-hidden=\"true\"><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"m10.8 13.2.425 9.8h1.525l.45-9.8 9.8-.45v-1.525l-9.8-.425-.45-9.8h-1.525l-.425 9.8-9.8.425v1.525l9.8.45Z\"\/><\/svg><\/span><\/label><\/div>\n<p><span class=\"dcr-90inr0\"><gu-island name=\"KeyEventsCarousel\" deferuntil=\"visible\" props=\"{&quot;keyEvents&quot;:[{&quot;id&quot;:&quot;63eb57fd8f08be25c154657a&quot;,&quot;elements&quot;:[{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;The tailwinds from another decent market performance in the US overnight have given the FTSE 100 another boost this morning, &lt;strong&gt;Richard Hunter, &lt;\/strong&gt;head of markets at&lt;strong&gt; &lt;a href=\\&quot;https:\/\/www.ii.co.uk\/\\&quot;&gt;interactive investor&lt;\/a&gt;&lt;\/strong&gt;, tells us.&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;79e7ca59-4b80-41be-ae79-bafc4941179d&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;He also points out that the FTSE 100 is not a gauge of the UK economy\u2026.&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;d0aba62c-3d33-453e-b706-319315d62365&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.BlockquoteBlockElement&quot;,&quot;html&quot;:&quot;&lt;blockquote class=\\&quot;quoted\\&quot;&gt;\\n &lt;p&gt;The index continues to attract investment interest with its exposure to banks and energy companies still seeing the benefits of rising interest rates and a recovering Chinese economy respectively. At the same time, its proliferation of defensive, and in some cases somewhat inflation-proof stocks, along with an average dividend yield of 3.5% all add to its attractions as a potential investment destination of choice.&lt;\/p&gt;\\n &lt;p&gt;Perhaps most importantly, the index is not an accurate barometer of the UK economy. An estimated 75% of company earnings come from overseas which, coupled with the more recent weakness in sterling, means that these earnings become more valuable on repatriation.&lt;\/p&gt;\\n &lt;p&gt;These combined factors resulted in a strong outperformance compared to many other global indices last year. In 2022, for example, the main indices in the US plummeted - the Dow Jones was down by 8.8%, the S&amp;amp;P500 by 19.5% and the technology-heavy Nasdaq by 33.1%. The FTSE 100 eked out a gain of 0.9% (excluding dividends) and is now ahead by over 7% in the year to date.&lt;\/p&gt;\\n&lt;\/blockquote&gt;&quot;,&quot;elementId&quot;:&quot;9f90c32c-cb06-42b9-bba7-9dec4d5ddc47&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;Last week we learned that the UK economy stagnated at the end of 2022, with no growth in the October-December quarter.&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;ba539dda-e417-4447-a807-5cec95caac2d&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.RichLinkBlockElement&quot;,&quot;url&quot;:&quot;https:\/\/www.theguardian.com\/business\/2023\/feb\/10\/uk-narrowly-avoided-recession-last-year-official-figures-show&quot;,&quot;text&quot;:&quot;UK narrowly avoids recession after figures show growth flatlining&quot;,&quot;prefix&quot;:&quot;Related: &quot;,&quot;role&quot;:&quot;thumbnail&quot;,&quot;elementId&quot;:&quot;70f44766-f334-418b-8195-981c776b1b72&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;The market is not the economy, rather it is a discounting mechanism which aims to anticipate future events, both economic and corporate, Hunter explains:&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;bb7b8dce-c483-481b-b4d9-0dca75c8f293&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.BlockquoteBlockElement&quot;,&quot;html&quot;:&quot;&lt;blockquote class=\\&quot;quoted\\&quot;&gt;\\n &lt;p&gt;If inflation and interest rates are peaking, and if company earnings continue to show resilience in the face of the economic challenges to come, the relatively cheap valuation of the index compared to many of its global peers could leave this rally with further to run.&lt;\/p&gt;\\n &lt;p&gt;The strength of the FTSE 100 is therefore positive news for investors as well as its constituents, which happened to be based in the UK, as opposed to the performance of the UK economy itself.\u201d&lt;\/p&gt;\\n&lt;\/blockquote&gt;&quot;,&quot;elementId&quot;:&quot;d64297d9-8ff1-41f7-b88d-6bf8b05aa4ae&quot;}],&quot;attributes&quot;:{&quot;pinned&quot;:false,&quot;keyEvent&quot;:true,&quot;summary&quot;:false},&quot;blockCreatedOn&quot;:1676367869000,&quot;blockCreatedOnDisplay&quot;:&quot;09.44\u00a0GMT&quot;,&quot;blockLastUpdated&quot;:1676368072000,&quot;blockLastUpdatedDisplay&quot;:&quot;09.47\u00a0GMT&quot;,&quot;blockFirstPublished&quot;:1676368072000,&quot;blockFirstPublishedDisplay&quot;:&quot;09.47\u00a0GMT&quot;,&quot;blockFirstPublishedDisplayNoTimezone&quot;:&quot;09.47&quot;,&quot;title&quot;:&quot;FTSE 100's strength doesn't reflect UK economy's performance&quot;,&quot;contributors&quot;:[],&quot;primaryDateLine&quot;:&quot;Tue 14 Feb 2023 09.57 GMT&quot;,&quot;secondaryDateLine&quot;:&quot;First published on Tue 14 Feb 2023 07.32 GMT&quot;},{&quot;id&quot;:&quot;63eb47ef8f08393915cbe684&quot;,&quot;elements&quot;:[{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;&lt;strong&gt;Car giant Ford has said it is cutting around 3,800 jobs across Europe, including 1,300 in the UK, over the next three years.&lt;\/strong&gt;&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;24b4529d-6dfd-4db9-b2b7-464aa8c4ab61&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;That\u2019s a fifth of its total workforce in the UK, &lt;a href=\\&quot;https:\/\/www.bbc.co.uk\/news\/business-64629072\\&quot;&gt;the BBC reports&lt;\/a&gt;.&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;3fc9463e-a0ac-43e4-84d3-1f747117bee8&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;The reduction in product development and administration jobs is as part of an overhaul as Ford battles rising costs and pivots its production towards electric vehicles.&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;0edf9886-0685-4aa5-a305-d07927fad051&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;Around 2,300 jobs will be cut in Germany, and 200 in the rest of Europe, the company said, adding it intends to achieve the reductions through voluntary separation programmes.&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;48eb1f36-653d-485b-ba53-4d5681fc01b7&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;The American carmaker will retain around 3,400 engineers in Europe who will build on core technology provided by their U.S. counterparts and adapt it to European customers, European passenger electric vehicle (EV) chief and head of Ford Germany Martin Sander said on a press call.&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;aad0abc0-51b6-43d6-8c4c-1e464883b4ce&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;Sander added:&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;1c0d122a-4696-4525-83cb-0427666611f8&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.BlockquoteBlockElement&quot;,&quot;html&quot;:&quot;&lt;blockquote class=\\&quot;quoted\\&quot;&gt;\\n &lt;p&gt;\u201cThere is significantly less work to be done on drivetrains moving out of combustion engines. We are moving into a world with less global platforms where less engineering work is necessary.&lt;\/p&gt;\\n &lt;p&gt;This is why we have to make the adjustments.\u201d&lt;\/p&gt;\\n&lt;\/blockquote&gt;&quot;,&quot;elementId&quot;:&quot;945c0546-c012-4bbc-bdcf-884f748ca1c9&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TweetBlockElement&quot;,&quot;html&quot;:&quot;&lt;blockquote class=\\&quot;twitter-tweet\\&quot;&gt;&lt;p lang=\\&quot;en\\&quot; dir=\\&quot;ltr\\&quot;&gt;\ud83d\udea8NEW: Ford to cut 3,800 jobs in Europe\ud83d\udea8&lt;br&gt;&lt;br&gt;\ud83d\udd272,800 in engineering&lt;br&gt;\ud83d\udd271,000 in admin\/back office&lt;br&gt;&lt;br&gt;Country split:&lt;br&gt;\ud83c\uddec\ud83c\udde71,300 &lt;br&gt;\ud83c\udde9\ud83c\uddea2,300 &lt;br&gt;\ud83c\uddea\ud83c\uddfa200 &lt;br&gt;&lt;br&gt;Driven by simpler EVs &amp;amp; smaller Ford line-up.&lt;br&gt;&lt;br&gt;Full story: &lt;a href=\\&quot;https:\/\/t.co\/f7VnTpmauR\\&quot;&gt;https:\/\/t.co\/f7VnTpmauR&lt;\/a&gt;&lt;\/p&gt;&amp;mdash; Peter Campbell (@Petercampbell1) &lt;a href=\\&quot;https:\/\/twitter.com\/Petercampbell1\/status\/1625413189906100224?ref_src=twsrc%5Etfw\\&quot;&gt;February 14, 2023&lt;\/a&gt;&lt;\/blockquote&gt;\\n&quot;,&quot;url&quot;:&quot;https:\/\/twitter.com\/Petercampbell1\/status\/1625413189906100224&quot;,&quot;id&quot;:&quot;1625413189906100224&quot;,&quot;hasMedia&quot;:false,&quot;role&quot;:&quot;inline&quot;,&quot;isThirdPartyTracking&quot;:false,&quot;source&quot;:&quot;Twitter&quot;,&quot;elementId&quot;:&quot;1394a924-0459-46b8-9c3a-12556e88c620&quot;}],&quot;attributes&quot;:{&quot;pinned&quot;:false,&quot;keyEvent&quot;:true,&quot;summary&quot;:false},&quot;blockCreatedOn&quot;:1676363759000,&quot;blockCreatedOnDisplay&quot;:&quot;08.35\u00a0GMT&quot;,&quot;blockLastUpdated&quot;:1676364529000,&quot;blockLastUpdatedDisplay&quot;:&quot;08.48\u00a0GMT&quot;,&quot;blockFirstPublished&quot;:1676364001000,&quot;blockFirstPublishedDisplay&quot;:&quot;08.40\u00a0GMT&quot;,&quot;blockFirstPublishedDisplayNoTimezone&quot;:&quot;08.40&quot;,&quot;title&quot;:&quot;Ford announces job cuts&quot;,&quot;contributors&quot;:[],&quot;primaryDateLine&quot;:&quot;Tue 14 Feb 2023 09.57 GMT&quot;,&quot;secondaryDateLine&quot;:&quot;First published on Tue 14 Feb 2023 07.32 GMT&quot;},{&quot;id&quot;:&quot;63eb434a8f08393915cbe656&quot;,&quot;elements&quot;:[{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;&lt;strong&gt;In the City, the UK\u2019s blue-chip share index has hit a new record high, as it continues to rally in 2023.&lt;\/strong&gt;&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;d63d8d6f-9140-41e1-9c4c-4807b490479b&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;The FTSE 100 index has jumped by 36 points, or 0.45%, to 7986 points \u2013 its highest point on record.&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;358fe784-a88b-4890-9851-5baf04c3ffa2&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;The FTSE has now gained 7% so far this year, as markets have been lifted by hope that inflation may have peaked, meaning central banks may slow their interest rate increases.&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;ad006a91-b354-40fd-9bb8-11331142fa20&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;The index hit its first record high since 2018 &lt;a href=\\&quot;https:\/\/www.theguardian.com\/business\/2023\/feb\/03\/ftse-100-hits-record-high\\&quot;&gt;at the start of this month&lt;\/a&gt;.&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;88e4d98f-e2e4-4e7b-bc13-8a78e24964a9&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;Traders are hopeful that US inflation fell last month \u2013 we get January\u2019s CPI report at 1.30pm UK time.&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;cd181e78-1ed7-4662-9650-5e0768f5b1e2&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;Mobile operator &lt;strong&gt;Vodafone&lt;\/strong&gt; is among the top FTSE 100 risers, up 1.8%. Yesterday, US telecoms group Liberty Global announced it had taken a 5% stake in &lt;a href=\\&quot;https:\/\/www.theguardian.com\/business\/vodafonegroup\\&quot;&gt;Vodafone&lt;\/a&gt; in a bet on the UK company\u2019s revival \u2013 but has ruled out making a takeover bid.&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;d53a89bf-d193-4356-8751-09c5051409a7&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.RichLinkBlockElement&quot;,&quot;url&quot;:&quot;https:\/\/www.theguardian.com\/business\/2023\/feb\/13\/us-liberty-global-buys-stake-in-vodafone-after-tumultuous-year&quot;,&quot;text&quot;:&quot;US firm Liberty Global buys stake in Vodafone after tumultuous year&quot;,&quot;prefix&quot;:&quot;Related: &quot;,&quot;role&quot;:&quot;thumbnail&quot;,&quot;elementId&quot;:&quot;f8147258-bb1b-4691-92ad-274cd639f872&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;The FTSE 100 has also started the week on a very positive note, says &lt;strong&gt;Sophie&lt;\/strong&gt; &lt;strong&gt;Lund-Yates&lt;\/strong&gt;, lead equity analyst at &lt;strong&gt;Hargreaves Lansdown&lt;\/strong&gt;:&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;d1fb80b8-ad43-468c-9f2b-e59819854f07&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.BlockquoteBlockElement&quot;,&quot;html&quot;:&quot;&lt;blockquote class=\\&quot;quoted\\&quot;&gt;\\n &lt;p&gt;There is a great deal of attention going on US and UK inflation data this week, with hopes that the Federal Reserve is going to stick to the hymn sheet when it comes to the expected 25 basis point increase in interest rates expected in March.&lt;\/p&gt;\\n&lt;\/blockquote&gt;&quot;,&quot;elementId&quot;:&quot;3eeab747-b1ad-4397-ad1b-85b9431ca2ac&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;She warns, though, that the UK\u2019s market mood can change \u201con a dime\u201d:&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;d50c1c8b-9536-4e6e-a11a-b17edd5a7c70&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.BlockquoteBlockElement&quot;,&quot;html&quot;:&quot;&lt;blockquote class=\\&quot;quoted\\&quot;&gt;\\n &lt;p&gt;Although the economy\u2019s holding up well for now, there are still question marks hanging over corporate margins and consumer spending power, which the forward-looking FTSE may not have correctly priced in.&lt;\/p&gt;\\n&lt;\/blockquote&gt;&quot;,&quot;elementId&quot;:&quot;5c19a694-5626-4f36-b858-8ef341f657db&quot;}],&quot;attributes&quot;:{&quot;pinned&quot;:true,&quot;keyEvent&quot;:true,&quot;summary&quot;:false},&quot;blockCreatedOn&quot;:1676362570000,&quot;blockCreatedOnDisplay&quot;:&quot;08.16\u00a0GMT&quot;,&quot;blockLastUpdated&quot;:1676363138000,&quot;blockLastUpdatedDisplay&quot;:&quot;08.25\u00a0GMT&quot;,&quot;blockFirstPublished&quot;:1676363124000,&quot;blockFirstPublishedDisplay&quot;:&quot;08.25\u00a0GMT&quot;,&quot;blockFirstPublishedDisplayNoTimezone&quot;:&quot;08.25&quot;,&quot;title&quot;:&quot;FTSE 100 hits record high, with 8,000 points in view&quot;,&quot;contributors&quot;:[],&quot;primaryDateLine&quot;:&quot;Tue 14 Feb 2023 09.57 GMT&quot;,&quot;secondaryDateLine&quot;:&quot;First published on Tue 14 Feb 2023 07.32 GMT&quot;},{&quot;id&quot;:&quot;63eb40c18f08be25c15464bc&quot;,&quot;elements&quot;:[{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;&lt;strong&gt;Almost a million working days were lost to strikes in December as real-terms pay growth last year dropped at among the fastest rates for more than 20 years, &lt;\/strong&gt;&lt;em&gt;&lt;strong&gt;my colleague Richard Partington reports.&lt;\/strong&gt;&lt;\/em&gt;&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;13f54e0d-3012-4df0-be5d-6ca307403c47&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;The figures from the &lt;a href=\\&quot;https:\/\/www.ons.gov.uk\/employmentandlabourmarket\/peopleinwork\/employmentandemployeetypes\/bulletins\/uklabourmarket\/february2023\\&quot;&gt;Office for National Statistics&lt;\/a&gt; add to the squeeze on households amid the cost of living crisis.&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;03f6c46c-6aa3-4aa8-9fbb-1066d91fae4f&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;It said 843,000 working days were lost in December, the highest monthly figure for more than a decade, amid rolling strikes involving NHS, rail and Post Office workers, and elsewhere across the economy.&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;93b31e93-72ea-4b7c-a989-c3646241efd1&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;ONS figures also showed that real-terms pay, excluding bonuses, fell by 3.6% in the three months to December, among the largest falls since comparable records began in 2001.&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;8aff4e9b-5111-49f9-8241-27a8f1404145&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;Here\u2019s the full story:&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;e7104d95-56da-45a8-aefc-2d406f8c2fff&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.RichLinkBlockElement&quot;,&quot;url&quot;:&quot;https:\/\/www.theguardian.com\/uk-news\/2023\/feb\/14\/nearly-million-days-lost-strikes-december-uk-pay-growth&quot;,&quot;text&quot;:&quot;Nearly a million days lost to strikes in December in UK&quot;,&quot;prefix&quot;:&quot;Related: &quot;,&quot;role&quot;:&quot;thumbnail&quot;,&quot;elementId&quot;:&quot;e74bff81-331a-4d9c-a867-15ce6353ffec&quot;}],&quot;attributes&quot;:{&quot;pinned&quot;:false,&quot;keyEvent&quot;:true,&quot;summary&quot;:false},&quot;blockCreatedOn&quot;:1676361921000,&quot;blockCreatedOnDisplay&quot;:&quot;08.05\u00a0GMT&quot;,&quot;blockLastUpdated&quot;:1676362567000,&quot;blockLastUpdatedDisplay&quot;:&quot;08.16\u00a0GMT&quot;,&quot;blockFirstPublished&quot;:1676362567000,&quot;blockFirstPublishedDisplay&quot;:&quot;08.16\u00a0GMT&quot;,&quot;blockFirstPublishedDisplayNoTimezone&quot;:&quot;08.16&quot;,&quot;title&quot;:&quot;Full story: Nearly a million days lost to strikes in December in UK&quot;,&quot;contributors&quot;:[{&quot;name&quot;:&quot;Richard Partington&quot;,&quot;imageUrl&quot;:&quot;https:\/\/i.guim.co.uk\/img\/uploads\/2017\/12\/27\/Richard-Partington.jpg?width=300&amp;quality=85&amp;auto=format&amp;fit=max&amp;s=7a0cd4e01f7289ba75909509b7b8da7c&quot;,&quot;largeImageUrl&quot;:&quot;https:\/\/www.businesstelegraph.co.uk\/wp-content\/uploads\/2023\/02\/FTSE-100-hits-record-high-UK-strike-disruption-highest-since.png&quot;}],&quot;primaryDateLine&quot;:&quot;Tue 14 Feb 2023 09.57 GMT&quot;,&quot;secondaryDateLine&quot;:&quot;First published on Tue 14 Feb 2023 07.32 GMT&quot;},{&quot;id&quot;:&quot;63eb3f3a8f08be25c15464b7&quot;,&quot;elements&quot;:[{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;&lt;strong&gt;Guy Opperman MP, &lt;\/strong&gt;minister for employment, is cheered by the rise in employment in the last quarter:&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;a6cbc394-62e8-4ffd-94a5-af1539878dab&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.BlockquoteBlockElement&quot;,&quot;html&quot;:&quot;&lt;blockquote class=\\&quot;quoted\\&quot;&gt;\\n &lt;p&gt;It\u2019s encouraging to see that more people are moving into work, as we know that being in employment is the best way to deliver financial security, skills and confidence.&lt;\/p&gt;\\n &lt;p&gt;We\u2019ve also made huge progress for everyone looking to boost their earnings or land a new role, with the employment rate increasing and more people joining payrolls.&lt;\/p&gt;\\n &lt;p&gt;Growing the economy is one of our top five priorities which will deliver more high quality jobs, boosting everyone\u2019s prospects and prosperity.&lt;\/p&gt;\\n&lt;\/blockquote&gt;&quot;,&quot;elementId&quot;:&quot;4c7a9fe8-7722-40c1-9e6e-a972d5d21a41&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;But &lt;strong&gt;Rachel Reeves MP, Labour\u2019s shadow chancellor, &lt;\/strong&gt;is concerned that wages continued to lag inflation. She says:&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;16e56b4e-e153-4d5e-b2c6-6eacc1ba92ee&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.BlockquoteBlockElement&quot;,&quot;html&quot;:&quot;&lt;blockquote class=\\&quot;quoted\\&quot;&gt;\\n &lt;p&gt;Britain has huge potential \u2013 but 13 years of the Tories has left real wages down, families worse off, and our economy lagging behind on the global stage.&lt;\/p&gt;\\n &lt;p&gt;The government needs to stop sitting back and following this path of managed decline.&lt;\/p&gt;\\n &lt;p&gt;Labour will get people back into work, with our real plan for growth to create good, new jobs across every part of our country.&lt;\/p&gt;\\n&lt;\/blockquote&gt;&quot;,&quot;elementId&quot;:&quot;798406f8-7004-4b75-9603-8c1a7ac8b475&quot;}],&quot;attributes&quot;:{&quot;pinned&quot;:false,&quot;keyEvent&quot;:true,&quot;summary&quot;:false},&quot;blockCreatedOn&quot;:1676361530000,&quot;blockCreatedOnDisplay&quot;:&quot;07.58\u00a0GMT&quot;,&quot;blockLastUpdated&quot;:1676365634000,&quot;blockLastUpdatedDisplay&quot;:&quot;09.07\u00a0GMT&quot;,&quot;blockFirstPublished&quot;:1676362508000,&quot;blockFirstPublishedDisplay&quot;:&quot;08.15\u00a0GMT&quot;,&quot;blockFirstPublishedDisplayNoTimezone&quot;:&quot;08.15&quot;,&quot;title&quot;:&quot;Political reaction&quot;,&quot;contributors&quot;:[],&quot;primaryDateLine&quot;:&quot;Tue 14 Feb 2023 09.57 GMT&quot;,&quot;secondaryDateLine&quot;:&quot;First published on Tue 14 Feb 2023 07.32 GMT&quot;},{&quot;id&quot;:&quot;63eb3eb98f082572e3bba4af&quot;,&quot;elements&quot;:[{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;UK workers have now suffered 15 miserable years of real wages, says &lt;strong&gt;Stephen Evans&lt;\/strong&gt;, chief executive at&lt;strong&gt; Learning and Work Institute:&lt;\/strong&gt;&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;5b63a01a-9ed3-42b6-8479-873251e8f12c&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.BlockquoteBlockElement&quot;,&quot;html&quot;:&quot;&lt;blockquote class=\\&quot;quoted\\&quot;&gt;\\n &lt;p&gt;Real earnings are falling at their fastest rates since the financial crisis due to high inflation, leaving them no higher now than before the pandemic. A miserable 15 years for real wage growth means people would be earning \u00a311,000 a year more on average if pre-financial crisis trends had continued. So as well as bringing inflation under control, we urgently need a growth plan for our economy.&lt;\/p&gt;\\n&lt;\/blockquote&gt;&quot;,&quot;elementId&quot;:&quot;ab020a92-04b4-4651-a931-8ac901b7b660&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;Evans adds that the fall in economic inactivity at the end of 2022 is welcome\u2026 but was driven more by a reduction in young people studying than older people returning to the labour market.&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;d2396f4d-5645-47ac-982f-2df475d36df9&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;He adds:&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;e542c6b3-0f34-4cae-81ec-a1a6f1a925bd&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.BlockquoteBlockElement&quot;,&quot;html&quot;:&quot;&lt;blockquote class=\\&quot;quoted\\&quot;&gt;\\n &lt;p&gt;Economic inactivity is still 500,000 higher than pre-pandemic, and almost 2.5 million people are out of the labour market due to long-term sickness. Only one in ten out-of-work older people and disabled people get help to find work each year, the Chancellor must change that in next month\u2019s spring budget.&lt;\/p&gt;\\n&lt;\/blockquote&gt;&quot;,&quot;elementId&quot;:&quot;240edd31-e7f7-4ddd-9d27-4ef6eb232c34&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TweetBlockElement&quot;,&quot;html&quot;:&quot;&lt;blockquote class=\\&quot;twitter-tweet\\&quot;&gt;&lt;p lang=\\&quot;en\\&quot; dir=\\&quot;ltr\\&quot;&gt;1. New labour market stats continue to show sharp drops in real earnings due to high inflation. Meanwhile a welcome drop in economic inactivity is more down to fewer young people studying than more older people returning to the jobs market. Thread to follow. &lt;a href=\\&quot;https:\/\/t.co\/bKN3H2unhh\\&quot;&gt;pic.twitter.com\/bKN3H2unhh&lt;\/a&gt;&lt;\/p&gt;&amp;mdash; Stephen Evans (@Stephen_EvansUK) &lt;a href=\\&quot;https:\/\/twitter.com\/Stephen_EvansUK\/status\/1625401808590864385?ref_src=twsrc%5Etfw\\&quot;&gt;February 14, 2023&lt;\/a&gt;&lt;\/blockquote&gt;\\n&quot;,&quot;url&quot;:&quot;https:\/\/twitter.com\/Stephen_EvansUK\/status\/1625401808590864385&quot;,&quot;id&quot;:&quot;1625401808590864385&quot;,&quot;hasMedia&quot;:false,&quot;role&quot;:&quot;inline&quot;,&quot;isThirdPartyTracking&quot;:false,&quot;source&quot;:&quot;Twitter&quot;,&quot;elementId&quot;:&quot;c87feb2f-8625-4b2b-9920-8d3199f40b40&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TweetBlockElement&quot;,&quot;html&quot;:&quot;&lt;blockquote class=\\&quot;twitter-tweet\\&quot; data-conversation=\\&quot;none\\&quot;&gt;&lt;p lang=\\&quot;en\\&quot; dir=\\&quot;ltr\\&quot;&gt;2. Real earnings fell 3.1% in last 3 months, sharpest falls since financial crisis. High inflation has wiped out all gains since start of pandemic. After 15 terrible years for wage growth, on average we&amp;#39;d each have \u00a311k more a year if pre-crisis trends had continued. \u00a311k! &lt;a href=\\&quot;https:\/\/t.co\/jRcE2KaT2D\\&quot;&gt;pic.twitter.com\/jRcE2KaT2D&lt;\/a&gt;&lt;\/p&gt;&amp;mdash; Stephen Evans (@Stephen_EvansUK) &lt;a href=\\&quot;https:\/\/twitter.com\/Stephen_EvansUK\/status\/1625403253847470080?ref_src=twsrc%5Etfw\\&quot;&gt;February 14, 2023&lt;\/a&gt;&lt;\/blockquote&gt;\\n&quot;,&quot;url&quot;:&quot;https:\/\/twitter.com\/Stephen_EvansUK\/status\/1625403253847470080&quot;,&quot;id&quot;:&quot;1625403253847470080&quot;,&quot;hasMedia&quot;:false,&quot;role&quot;:&quot;inline&quot;,&quot;isThirdPartyTracking&quot;:false,&quot;source&quot;:&quot;Twitter&quot;,&quot;elementId&quot;:&quot;fc84cbf3-8680-4813-b47f-ea1895e1f2b0&quot;}],&quot;attributes&quot;:{&quot;pinned&quot;:false,&quot;keyEvent&quot;:true,&quot;summary&quot;:false},&quot;blockCreatedOn&quot;:1676361401000,&quot;blockCreatedOnDisplay&quot;:&quot;07.56\u00a0GMT&quot;,&quot;blockLastUpdated&quot;:1676365681000,&quot;blockLastUpdatedDisplay&quot;:&quot;09.08\u00a0GMT&quot;,&quot;blockFirstPublished&quot;:1676362352000,&quot;blockFirstPublishedDisplay&quot;:&quot;08.12\u00a0GMT&quot;,&quot;blockFirstPublishedDisplayNoTimezone&quot;:&quot;08.12&quot;,&quot;title&quot;:&quot;15 'terrible years' of wage growth&quot;,&quot;contributors&quot;:[],&quot;primaryDateLine&quot;:&quot;Tue 14 Feb 2023 09.57 GMT&quot;,&quot;secondaryDateLine&quot;:&quot;First published on Tue 14 Feb 2023 07.32 GMT&quot;},{&quot;id&quot;:&quot;63eb3ed88f082572e3bba4b0&quot;,&quot;elements&quot;:[{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;Here\u2019s &lt;strong&gt;Darren&lt;\/strong&gt; &lt;strong&gt;Morgan&lt;\/strong&gt;, director of economic statistics at the &lt;strong&gt;Office for National Statistics&lt;\/strong&gt; (ONS), with the key points from today\u2019s UK jobs report:&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;abb3775d-722d-4636-b18e-2147c5a34b28&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.BlockquoteBlockElement&quot;,&quot;html&quot;:&quot;&lt;blockquote class=\\&quot;quoted\\&quot;&gt;\\n &lt;p&gt;The last quarter of 2022 saw fewer people remaining outside the labour market altogether, with some moving straight back into a job and others starting to seek work again.&lt;\/p&gt;\\n &lt;p&gt;This meant that although employment rose again, unemployment edged up also.&lt;\/p&gt;\\n &lt;p&gt;Although there is still a large gap between earnings growth in the public and private sectors, this narrowed slightly in the latest period.&lt;\/p&gt;\\n &lt;p&gt;Overall pay, though, continues to be outstripped by rising prices.&lt;\/p&gt;\\n &lt;p&gt;Though still at historically very high levels, job vacancies have dropped again, with a particularly sharp fall from the smallest employers.&lt;\/p&gt;\\n &lt;p&gt;The number of working days lost to strikes rose again sharply in December.&lt;\/p&gt;\\n &lt;p&gt;Transport and communications remained the most heavily affected area, but this month there was also a large contribution from the health sector.&lt;\/p&gt;\\n&lt;\/blockquote&gt;&quot;,&quot;elementId&quot;:&quot;0421fc4c-73d8-4e2d-9f04-af22ae375f76&quot;}],&quot;attributes&quot;:{&quot;pinned&quot;:false,&quot;keyEvent&quot;:true,&quot;summary&quot;:false},&quot;blockCreatedOn&quot;:1676361432000,&quot;blockCreatedOnDisplay&quot;:&quot;07.57\u00a0GMT&quot;,&quot;blockLastUpdated&quot;:1676365655000,&quot;blockLastUpdatedDisplay&quot;:&quot;09.07\u00a0GMT&quot;,&quot;blockFirstPublished&quot;:1676361506000,&quot;blockFirstPublishedDisplay&quot;:&quot;07.58\u00a0GMT&quot;,&quot;blockFirstPublishedDisplayNoTimezone&quot;:&quot;07.58&quot;,&quot;title&quot;:&quot;ONS: Sharp rise in days lost to strikes&quot;,&quot;contributors&quot;:[],&quot;primaryDateLine&quot;:&quot;Tue 14 Feb 2023 09.57 GMT&quot;,&quot;secondaryDateLine&quot;:&quot;First published on Tue 14 Feb 2023 07.32 GMT&quot;},{&quot;id&quot;:&quot;63eb39aa8f08be25c15464a2&quot;,&quot;elements&quot;:[{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;&lt;strong&gt;The number of vacancies across the UK has fallen, as companies hold back their hiring plans as the economy slows.&lt;\/strong&gt;&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;b8995f12-6a9f-45f7-a029-728209ee2f2b&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;There were 1.134m vacancies in the November-January quarter, the Office for National Statistics reports. That\u2019s a decrease of 76,000 from August to October 2022 \u2013 the seventh quarterly decline in a row.&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;77d5edf9-bd74-4994-86ab-76be503a60c4&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;Vacancies fell at 16 out of 18 industry sectors during the quarter, and were 135,000 lower than a year 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vacancies fall&quot;,&quot;contributors&quot;:[],&quot;primaryDateLine&quot;:&quot;Tue 14 Feb 2023 09.57 GMT&quot;,&quot;secondaryDateLine&quot;:&quot;First published on Tue 14 Feb 2023 07.32 GMT&quot;},{&quot;id&quot;:&quot;63eb30a38f08393915cbe5f1&quot;,&quot;elements&quot;:[{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;&lt;strong&gt;Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy.&lt;\/strong&gt;&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;eb3dfb63-22f0-424c-a8d4-055638d15076&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;The wave of UK strike action at the end of last year was the most disruptive in over a decade, the latest employment data shows.&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;2c6cf13f-0788-470c-9a4d-174cb4bf8bfa&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;The Office for National Statistics has reported this morning that 843,000 working days were lost because of labour disputes in December 2022, the highest for any month since since November 2011.&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;d2d0d50d-11b8-4b35-9016-fb119ff81aab&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;Key services across the UK were hit by industrial action during December, as workers pushed for pay rises that kept up with UK inflation. &lt;a href=\\&quot;https:\/\/www.theguardian.com\/uk-news\/live\/2022\/dec\/26\/boxing-day-strike-travel-chaos-rail-railway-border-force-industrisal-action\\&quot;&gt;Railway workers&lt;\/a&gt;, Royal Mail staff, border force staff and &lt;a href=\\&quot;https:\/\/www.theguardian.com\/uk-news\/2022\/dec\/20\/nurses-action-part-of-biggest-wave-strikes-generation-uk\\&quot;&gt;nurses &lt;\/a&gt;were among those taking strike action.&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;a0c3fbef-abe4-4c18-b210-2fe5f30ecf45&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.RichLinkBlockElement&quot;,&quot;url&quot;:&quot;https:\/\/www.theguardian.com\/uk-news\/2022\/dec\/04\/december-of-discontent-will-strikers-or-government-and-management-take-the-blame&quot;,&quot;text&quot;:&quot;December of discontent: will strikers or government and management take the blame?&quot;,&quot;prefix&quot;:&quot;Related: &quot;,&quot;role&quot;:&quot;thumbnail&quot;,&quot;elementId&quot;:&quot;dc53b042-3e86-4d8e-a53e-862d24a3d432&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;Today\u2019s labour market report also shows that basic pay grew at the the fastest rate on record, outside of the Covid-19 pandemic period.&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;9be281b9-5042-41d2-beb3-e0f8176baf64&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;Regular pay (excluding bonuses) rose by 6.7% per year in the October-December quarter.&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;63c9295e-4c35-4fce-84ec-5c4eb6290a2d&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;That may alarm the Bank of England, as it tries to bring UK inflation down from double-digit levels towards its 2% target.&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;88d46ccd-1660-426f-a773-6413d1ea154a&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;The ONS says:&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;82f193dd-3bb3-4753-837e-4cad081253d9&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.BlockquoteBlockElement&quot;,&quot;html&quot;:&quot;&lt;blockquote class=\\&quot;quoted\\&quot;&gt;\\n &lt;p&gt;For regular pay, this is the strongest growth rate seen outside of the coronavirus (COVID-19) pandemic period.&lt;\/p&gt;\\n&lt;\/blockquote&gt;&quot;,&quot;elementId&quot;:&quot;4bcafa44-ac99-40b0-b920-7f9d7ba30be8&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;Growth in average total pay (including bonuses) slowed a little, to 5.9%.&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;10b2d844-4fb4-4493-8c56-60e83fd5c944&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;Public sector pay lagged behind private sector employees, though. Average regular pay growth for the &lt;strong&gt;private&lt;\/strong&gt; &lt;strong&gt;sector&lt;\/strong&gt; was 7.3% in October to December 2022, and 4.2% for the &lt;strong&gt;public&lt;\/strong&gt; &lt;strong&gt;sector&lt;\/strong&gt;.&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;0ff6006a-95ea-4324-815c-bbcaac22ab81&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;But once you adjust for inflation, pay actually fell.&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;3276d77d-6c43-499f-9f48-7062a4ddbb6a&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;&lt;strong&gt;In real terms (adjusted for inflation), total pay shrank by 3.1% while regulay pay fell by 2.5%. This is one of the biggest falls on record.&lt;\/strong&gt;&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;3fbe15a1-587d-43e8-afa6-841f37ba33b7&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;The ONS says:&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;e8ee4bfe-4146-497c-aaaf-97b41c04d845&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.BlockquoteBlockElement&quot;,&quot;html&quot;:&quot;&lt;blockquote class=\\&quot;quoted\\&quot;&gt;\\n &lt;p&gt;This is smaller than the record fall in real total pay we saw in February to April 2009 (4.5%), but remains among the largest falls in growth since comparable records began in 2001.&lt;\/p&gt;\\n&lt;\/blockquote&gt;&quot;,&quot;elementId&quot;:&quot;56cd69c3-42ab-4148-9a27-292ae7643f0d&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;Today\u2019s labour market also shows that the unemployment rate remained near at record low, at 3.7%.&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;8d47ced9-a612-493c-97cc-a133f42aaf51&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TweetBlockElement&quot;,&quot;html&quot;:&quot;&lt;blockquote class=\\&quot;twitter-tweet\\&quot;&gt;&lt;p lang=\\&quot;en\\&quot; dir=\\&quot;ltr\\&quot;&gt;Headline indicators for the UK labour market for October to December 2022 show that: &lt;br&gt;&lt;br&gt;\u25aa\ufe0f employment was 75.6% &lt;br&gt;\u25aa\ufe0f unemployment was 3.7% &lt;br&gt;\u25aa\ufe0f economic inactivity was 21.4% &lt;br&gt;&lt;br&gt;\u27a1\ufe0f &lt;a href=\\&quot;https:\/\/t.co\/kXOT4RK1cE\\&quot;&gt;https:\/\/t.co\/kXOT4RK1cE&lt;\/a&gt; &lt;a href=\\&quot;https:\/\/t.co\/bZhubsYpAD\\&quot;&gt;pic.twitter.com\/bZhubsYpAD&lt;\/a&gt;&lt;\/p&gt;&amp;mdash; Office for National Statistics (ONS) (@ONS) &lt;a href=\\&quot;https:\/\/twitter.com\/ONS\/status\/1625390463841705984?ref_src=twsrc%5Etfw\\&quot;&gt;February 14, 2023&lt;\/a&gt;&lt;\/blockquote&gt;\\n&quot;,&quot;url&quot;:&quot;https:\/\/twitter.com\/ONS\/status\/1625390463841705984&quot;,&quot;id&quot;:&quot;1625390463841705984&quot;,&quot;hasMedia&quot;:false,&quot;role&quot;:&quot;inline&quot;,&quot;isThirdPartyTracking&quot;:false,&quot;source&quot;:&quot;Twitter&quot;,&quot;elementId&quot;:&quot;9d5b14d6-48f9-4b35-a651-6b68bb021d9f&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.SubheadingBlockElement&quot;,&quot;html&quot;:&quot;&lt;h2&gt;Also coming up today&lt;\/h2&gt;&quot;,&quot;elementId&quot;:&quot;f0039e7e-3792-4bd5-828c-dc277b0b485a&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;Investors are poised for the latest US inflation report, due at 1.30pm UK time.&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;e86471e3-0fc5-419c-a084-7f591325de3b&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;It\u2019s expected to show that the cost of living squeeze eased, with the consumer prices index dropping to 6.2% per year from 6.5% in the year to December.&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;6e8e84da-4985-4848-b8f9-4c74e9af5159&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TweetBlockElement&quot;,&quot;html&quot;:&quot;&lt;blockquote class=\\&quot;twitter-tweet\\&quot;&gt;&lt;p lang=\\&quot;en\\&quot; dir=\\&quot;ltr\\&quot;&gt;The all important US \ud83c\uddfa\ud83c\uddf8 CPI data is to be released Tuesday. Consensus for full year to Jan \u201823 is 6.2% vs 6.5% for year to Dec \u201822. For what it\u2019s worth, here is the \u2066&lt;a href=\\&quot;https:\/\/twitter.com\/jpmorgan?ref_src=twsrc%5Etfw\\&quot;&gt;@jpmorgan&lt;\/a&gt;\u2069 CPI playbook\ud83d\udc47\ud83d\udc47\ud83d\udc47\ud83d\udc47\ud83d\udc47 &lt;a href=\\&quot;https:\/\/t.co\/vmz3w8X7Zg\\&quot;&gt;pic.twitter.com\/vmz3w8X7Zg&lt;\/a&gt;&lt;\/p&gt;&amp;mdash; Alex Sundich (@AlexSundich) &lt;a href=\\&quot;https:\/\/twitter.com\/AlexSundich\/status\/1625384049744424960?ref_src=twsrc%5Etfw\\&quot;&gt;February 14, 2023&lt;\/a&gt;&lt;\/blockquote&gt;\\n&quot;,&quot;url&quot;:&quot;https:\/\/twitter.com\/AlexSundich\/status\/1625384049744424960&quot;,&quot;id&quot;:&quot;1625384049744424960&quot;,&quot;hasMedia&quot;:false,&quot;role&quot;:&quot;inline&quot;,&quot;isThirdPartyTracking&quot;:false,&quot;source&quot;:&quot;Twitter&quot;,&quot;elementId&quot;:&quot;e816ed1f-e669-4410-8c7d-f48e2ec0cde2&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;A sharp drop in inflation would clearly be welcomed by the markets, as it could encourage US central bankers to slow their interest rate increases.&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;a4740cc1-183d-4271-8fbf-0bdbf7a3ad54&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;&lt;strong&gt;Wael&lt;\/strong&gt; &lt;strong&gt;Makarem&lt;\/strong&gt;, senior market strategist at trading platform &lt;strong&gt;Exness&lt;\/strong&gt;, says:&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;9fae6c58-07e5-4059-89c4-bbfcded5cade&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.BlockquoteBlockElement&quot;,&quot;html&quot;:&quot;&lt;blockquote class=\\&quot;quoted\\&quot;&gt;\\n &lt;p&gt;This could be a critical data point for the dollar and other assets in particular after the Federal Reserve slowed the pace of its interest rate increases and the surprise over the US job market\u2019s figures.&lt;\/p&gt;\\n &lt;p&gt;Inflation in the US has been declining on a year-on-year basis, pushing the US central bank to review its policy. However, a surprise tomorrow could alter expectations. Higher-than-expected inflation figures could reinforce the case for higher interest rates for a longer period of time, which could push the US dollar higher. In any case, higher volatility could be expected.&lt;\/p&gt;\\n&lt;\/blockquote&gt;&quot;,&quot;elementId&quot;:&quot;7cb9cdb4-70c4-42c9-bbd6-184f661302ef&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.SubheadingBlockElement&quot;,&quot;html&quot;:&quot;&lt;h2&gt;The agenda&lt;\/h2&gt;&quot;,&quot;elementId&quot;:&quot;a6ef8247-2ca9-478b-a8fd-88494b8bc8c0&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;ul&gt;\\n &lt;li&gt;&lt;p&gt;7am GMT: UK labour market report&lt;\/p&gt;&lt;\/li&gt;\\n &lt;li&gt;&lt;p&gt;10am GMT: Eurozone GDP report for Q4 2022 (second estimate)&lt;\/p&gt;&lt;\/li&gt;\\n &lt;li&gt;&lt;p&gt;1.30pm GMT: US inflation report for January&lt;\/p&gt;&lt;\/li&gt;\\n&lt;\/ul&gt;&quot;,&quot;elementId&quot;:&quot;a21f91a6-e0c1-443c-8333-20a7e178562d&quot;}],&quot;attributes&quot;:{&quot;pinned&quot;:false,&quot;keyEvent&quot;:true,&quot;summary&quot;:false},&quot;blockCreatedOn&quot;:1676359977000,&quot;blockCreatedOnDisplay&quot;:&quot;07.32\u00a0GMT&quot;,&quot;blockLastUpdated&quot;:1676365583000,&quot;blockLastUpdatedDisplay&quot;:&quot;09.06\u00a0GMT&quot;,&quot;blockFirstPublished&quot;:1676359977000,&quot;blockFirstPublishedDisplay&quot;:&quot;07.32\u00a0GMT&quot;,&quot;blockFirstPublishedDisplayNoTimezone&quot;:&quot;07.32&quot;,&quot;title&quot;:&quot;Introduction: 843,000 working days lost to strikes in December&quot;,&quot;contributors&quot;:[],&quot;primaryDateLine&quot;:&quot;Tue 14 Feb 2023 09.57 GMT&quot;,&quot;secondaryDateLine&quot;:&quot;First published on Tue 14 Feb 2023 07.32 GMT&quot;}],&quot;filterKeyEvents&quot;:false,&quot;format&quot;:{&quot;display&quot;:0,&quot;theme&quot;:0,&quot;design&quot;:10},&quot;id&quot;:&quot;key-events-carousel-mobile&quot;}\"><span id=\"key-events-carousel-mobile\"\/><span class=\"dcr-90inr0\"><\/p>\n<p>Key events<\/p>\n<p><\/span><\/gu-island><\/span><span class=\"dcr-90inr0\"><gu-island name=\"TopicFilterBank\" props=\"{&quot;availableTopics&quot;:[{&quot;type&quot;:&quot;GPE&quot;,&quot;value&quot;:&quot;UK&quot;,&quot;count&quot;:13},{&quot;type&quot;:&quot;GPE&quot;,&quot;value&quot;:&quot;US&quot;,&quot;count&quot;:6},{&quot;type&quot;:&quot;ORG&quot;,&quot;value&quot;:&quot;Office for National Statistics&quot;,&quot;count&quot;:6},{&quot;type&quot;:&quot;ORG&quot;,&quot;value&quot;:&quot;Bank of England&quot;,&quot;count&quot;:2},{&quot;type&quot;:&quot;ORG&quot;,&quot;value&quot;:&quot;Federal Reserve&quot;,&quot;count&quot;:2},{&quot;type&quot;:&quot;PERSON&quot;,&quot;value&quot;:&quot;Jack Kennedy&quot;,&quot;count&quot;:1},{&quot;type&quot;:&quot;LOC&quot;,&quot;value&quot;:&quot;Asia&quot;,&quot;count&quot;:1},{&quot;type&quot;:&quot;GPE&quot;,&quot;value&quot;:&quot;Washington&quot;,&quot;count&quot;:1},{&quot;type&quot;:&quot;PERSON&quot;,&quot;value&quot;:&quot;Russ Mould&quot;,&quot;count&quot;:1},{&quot;type&quot;:&quot;ORG&quot;,&quot;value&quot;:&quot;Royal Mail&quot;,&quot;count&quot;:1}],&quot;format&quot;:{&quot;display&quot;:0,&quot;theme&quot;:0,&quot;design&quot;:10},&quot;keyEvents&quot;:[{&quot;id&quot;:&quot;63eb57fd8f08be25c154657a&quot;,&quot;elements&quot;:[{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;The tailwinds from another decent market performance in the US overnight have given the FTSE 100 another boost this morning, &lt;strong&gt;Richard Hunter, &lt;\/strong&gt;head of markets at&lt;strong&gt; &lt;a href=\\&quot;https:\/\/www.ii.co.uk\/\\&quot;&gt;interactive investor&lt;\/a&gt;&lt;\/strong&gt;, tells us.&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;79e7ca59-4b80-41be-ae79-bafc4941179d&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;He also points out that the FTSE 100 is not a gauge of the UK economy\u2026.&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;d0aba62c-3d33-453e-b706-319315d62365&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.BlockquoteBlockElement&quot;,&quot;html&quot;:&quot;&lt;blockquote class=\\&quot;quoted\\&quot;&gt;\\n &lt;p&gt;The index continues to attract investment interest with its exposure to banks and energy companies still seeing the benefits of rising interest rates and a recovering Chinese economy respectively. At the same time, its proliferation of defensive, and in some cases somewhat inflation-proof stocks, along with an average dividend yield of 3.5% all add to its attractions as a potential investment destination of choice.&lt;\/p&gt;\\n &lt;p&gt;Perhaps most importantly, the index is not an accurate barometer of the UK economy. An estimated 75% of company earnings come from overseas which, coupled with the more recent weakness in sterling, means that these earnings become more valuable on repatriation.&lt;\/p&gt;\\n &lt;p&gt;These combined factors resulted in a strong outperformance compared to many other global indices last year. In 2022, for example, the main indices in the US plummeted - the Dow Jones was down by 8.8%, the S&amp;amp;P500 by 19.5% and the technology-heavy Nasdaq by 33.1%. The FTSE 100 eked out a gain of 0.9% (excluding dividends) and is now ahead by over 7% in the year to date.&lt;\/p&gt;\\n&lt;\/blockquote&gt;&quot;,&quot;elementId&quot;:&quot;9f90c32c-cb06-42b9-bba7-9dec4d5ddc47&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;Last week we learned that the UK economy stagnated at the end of 2022, with no growth in the October-December quarter.&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;ba539dda-e417-4447-a807-5cec95caac2d&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.RichLinkBlockElement&quot;,&quot;url&quot;:&quot;https:\/\/www.theguardian.com\/business\/2023\/feb\/10\/uk-narrowly-avoided-recession-last-year-official-figures-show&quot;,&quot;text&quot;:&quot;UK narrowly avoids recession after figures show growth flatlining&quot;,&quot;prefix&quot;:&quot;Related: &quot;,&quot;role&quot;:&quot;thumbnail&quot;,&quot;elementId&quot;:&quot;70f44766-f334-418b-8195-981c776b1b72&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;The market is not the economy, rather it is a discounting mechanism which aims to anticipate future events, both economic and corporate, Hunter explains:&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;bb7b8dce-c483-481b-b4d9-0dca75c8f293&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.BlockquoteBlockElement&quot;,&quot;html&quot;:&quot;&lt;blockquote class=\\&quot;quoted\\&quot;&gt;\\n &lt;p&gt;If inflation and interest rates are peaking, and if company earnings continue to show resilience in the face of the economic challenges to come, the relatively cheap valuation of the index compared to many of its global peers could leave this rally with further to run.&lt;\/p&gt;\\n &lt;p&gt;The strength of the FTSE 100 is therefore positive news for investors as well as its constituents, which happened to be based in the UK, as opposed to the performance of the UK economy itself.\u201d&lt;\/p&gt;\\n&lt;\/blockquote&gt;&quot;,&quot;elementId&quot;:&quot;d64297d9-8ff1-41f7-b88d-6bf8b05aa4ae&quot;}],&quot;attributes&quot;:{&quot;pinned&quot;:false,&quot;keyEvent&quot;:true,&quot;summary&quot;:false},&quot;blockCreatedOn&quot;:1676367869000,&quot;blockCreatedOnDisplay&quot;:&quot;09.44\u00a0GMT&quot;,&quot;blockLastUpdated&quot;:1676368072000,&quot;blockLastUpdatedDisplay&quot;:&quot;09.47\u00a0GMT&quot;,&quot;blockFirstPublished&quot;:1676368072000,&quot;blockFirstPublishedDisplay&quot;:&quot;09.47\u00a0GMT&quot;,&quot;blockFirstPublishedDisplayNoTimezone&quot;:&quot;09.47&quot;,&quot;title&quot;:&quot;FTSE 100's strength doesn't reflect UK economy's performance&quot;,&quot;contributors&quot;:[],&quot;primaryDateLine&quot;:&quot;Tue 14 Feb 2023 09.57 GMT&quot;,&quot;secondaryDateLine&quot;:&quot;First published on Tue 14 Feb 2023 07.32 GMT&quot;},{&quot;id&quot;:&quot;63eb47ef8f08393915cbe684&quot;,&quot;elements&quot;:[{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;&lt;strong&gt;Car giant Ford has said it is cutting around 3,800 jobs across Europe, including 1,300 in the UK, over the next three years.&lt;\/strong&gt;&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;24b4529d-6dfd-4db9-b2b7-464aa8c4ab61&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;That\u2019s a fifth of its total workforce in the UK, &lt;a href=\\&quot;https:\/\/www.bbc.co.uk\/news\/business-64629072\\&quot;&gt;the BBC reports&lt;\/a&gt;.&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;3fc9463e-a0ac-43e4-84d3-1f747117bee8&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;The reduction in product development and administration jobs is as part of an overhaul as Ford battles rising costs and pivots its production towards electric vehicles.&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;0edf9886-0685-4aa5-a305-d07927fad051&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;Around 2,300 jobs will be cut in Germany, and 200 in the rest of Europe, the company said, adding it intends to achieve the reductions through voluntary separation programmes.&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;48eb1f36-653d-485b-ba53-4d5681fc01b7&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;The American carmaker will retain around 3,400 engineers in Europe who will build on core technology provided by their U.S. counterparts and adapt it to European customers, European passenger electric vehicle (EV) chief and head of Ford Germany Martin Sander said on a press call.&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;aad0abc0-51b6-43d6-8c4c-1e464883b4ce&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;Sander added:&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;1c0d122a-4696-4525-83cb-0427666611f8&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.BlockquoteBlockElement&quot;,&quot;html&quot;:&quot;&lt;blockquote class=\\&quot;quoted\\&quot;&gt;\\n &lt;p&gt;\u201cThere is significantly less work to be done on drivetrains moving out of combustion engines. We are moving into a world with less global platforms where less engineering work is necessary.&lt;\/p&gt;\\n &lt;p&gt;This is why we have to make the adjustments.\u201d&lt;\/p&gt;\\n&lt;\/blockquote&gt;&quot;,&quot;elementId&quot;:&quot;945c0546-c012-4bbc-bdcf-884f748ca1c9&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TweetBlockElement&quot;,&quot;html&quot;:&quot;&lt;blockquote class=\\&quot;twitter-tweet\\&quot;&gt;&lt;p lang=\\&quot;en\\&quot; dir=\\&quot;ltr\\&quot;&gt;\ud83d\udea8NEW: Ford to cut 3,800 jobs in Europe\ud83d\udea8&lt;br&gt;&lt;br&gt;\ud83d\udd272,800 in engineering&lt;br&gt;\ud83d\udd271,000 in admin\/back office&lt;br&gt;&lt;br&gt;Country split:&lt;br&gt;\ud83c\uddec\ud83c\udde71,300 &lt;br&gt;\ud83c\udde9\ud83c\uddea2,300 &lt;br&gt;\ud83c\uddea\ud83c\uddfa200 &lt;br&gt;&lt;br&gt;Driven by simpler EVs &amp;amp; smaller Ford line-up.&lt;br&gt;&lt;br&gt;Full story: &lt;a href=\\&quot;https:\/\/t.co\/f7VnTpmauR\\&quot;&gt;https:\/\/t.co\/f7VnTpmauR&lt;\/a&gt;&lt;\/p&gt;&amp;mdash; Peter Campbell (@Petercampbell1) &lt;a href=\\&quot;https:\/\/twitter.com\/Petercampbell1\/status\/1625413189906100224?ref_src=twsrc%5Etfw\\&quot;&gt;February 14, 2023&lt;\/a&gt;&lt;\/blockquote&gt;\\n&quot;,&quot;url&quot;:&quot;https:\/\/twitter.com\/Petercampbell1\/status\/1625413189906100224&quot;,&quot;id&quot;:&quot;1625413189906100224&quot;,&quot;hasMedia&quot;:false,&quot;role&quot;:&quot;inline&quot;,&quot;isThirdPartyTracking&quot;:false,&quot;source&quot;:&quot;Twitter&quot;,&quot;elementId&quot;:&quot;1394a924-0459-46b8-9c3a-12556e88c620&quot;}],&quot;attributes&quot;:{&quot;pinned&quot;:false,&quot;keyEvent&quot;:true,&quot;summary&quot;:false},&quot;blockCreatedOn&quot;:1676363759000,&quot;blockCreatedOnDisplay&quot;:&quot;08.35\u00a0GMT&quot;,&quot;blockLastUpdated&quot;:1676364529000,&quot;blockLastUpdatedDisplay&quot;:&quot;08.48\u00a0GMT&quot;,&quot;blockFirstPublished&quot;:1676364001000,&quot;blockFirstPublishedDisplay&quot;:&quot;08.40\u00a0GMT&quot;,&quot;blockFirstPublishedDisplayNoTimezone&quot;:&quot;08.40&quot;,&quot;title&quot;:&quot;Ford announces job cuts&quot;,&quot;contributors&quot;:[],&quot;primaryDateLine&quot;:&quot;Tue 14 Feb 2023 09.57 GMT&quot;,&quot;secondaryDateLine&quot;:&quot;First published on Tue 14 Feb 2023 07.32 GMT&quot;},{&quot;id&quot;:&quot;63eb434a8f08393915cbe656&quot;,&quot;elements&quot;:[{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;&lt;strong&gt;In the City, the UK\u2019s blue-chip share index has hit a new record high, as it continues to rally in 2023.&lt;\/strong&gt;&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;d63d8d6f-9140-41e1-9c4c-4807b490479b&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;The FTSE 100 index has jumped by 36 points, or 0.45%, to 7986 points \u2013 its highest point on record.&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;358fe784-a88b-4890-9851-5baf04c3ffa2&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;The FTSE has now gained 7% so far this year, as markets have been lifted by hope that inflation may have peaked, meaning central banks may slow their interest rate increases.&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;ad006a91-b354-40fd-9bb8-11331142fa20&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;The index hit its first record high since 2018 &lt;a href=\\&quot;https:\/\/www.theguardian.com\/business\/2023\/feb\/03\/ftse-100-hits-record-high\\&quot;&gt;at the start of this month&lt;\/a&gt;.&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;88e4d98f-e2e4-4e7b-bc13-8a78e24964a9&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;Traders are hopeful that US inflation fell last month \u2013 we get January\u2019s CPI report at 1.30pm UK time.&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;cd181e78-1ed7-4662-9650-5e0768f5b1e2&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;Mobile operator &lt;strong&gt;Vodafone&lt;\/strong&gt; is among the top FTSE 100 risers, up 1.8%. Yesterday, US telecoms group Liberty Global announced it had taken a 5% stake in &lt;a href=\\&quot;https:\/\/www.theguardian.com\/business\/vodafonegroup\\&quot;&gt;Vodafone&lt;\/a&gt; in a bet on the UK company\u2019s revival \u2013 but has ruled out making a takeover bid.&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;d53a89bf-d193-4356-8751-09c5051409a7&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.RichLinkBlockElement&quot;,&quot;url&quot;:&quot;https:\/\/www.theguardian.com\/business\/2023\/feb\/13\/us-liberty-global-buys-stake-in-vodafone-after-tumultuous-year&quot;,&quot;text&quot;:&quot;US firm Liberty Global buys stake in Vodafone after tumultuous year&quot;,&quot;prefix&quot;:&quot;Related: &quot;,&quot;role&quot;:&quot;thumbnail&quot;,&quot;elementId&quot;:&quot;f8147258-bb1b-4691-92ad-274cd639f872&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;The FTSE 100 has also started the week on a very positive note, says &lt;strong&gt;Sophie&lt;\/strong&gt; &lt;strong&gt;Lund-Yates&lt;\/strong&gt;, lead equity analyst at &lt;strong&gt;Hargreaves Lansdown&lt;\/strong&gt;:&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;d1fb80b8-ad43-468c-9f2b-e59819854f07&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.BlockquoteBlockElement&quot;,&quot;html&quot;:&quot;&lt;blockquote class=\\&quot;quoted\\&quot;&gt;\\n &lt;p&gt;There is a great deal of attention going on US and UK inflation data this week, with hopes that the Federal Reserve is going to stick to the hymn sheet when it comes to the expected 25 basis point increase in interest rates expected in March.&lt;\/p&gt;\\n&lt;\/blockquote&gt;&quot;,&quot;elementId&quot;:&quot;3eeab747-b1ad-4397-ad1b-85b9431ca2ac&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;She warns, though, that the UK\u2019s market mood can change \u201con a dime\u201d:&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;d50c1c8b-9536-4e6e-a11a-b17edd5a7c70&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.BlockquoteBlockElement&quot;,&quot;html&quot;:&quot;&lt;blockquote class=\\&quot;quoted\\&quot;&gt;\\n &lt;p&gt;Although the economy\u2019s holding up well for now, there are still question marks hanging over corporate margins and consumer spending power, which the forward-looking FTSE may not have correctly priced in.&lt;\/p&gt;\\n&lt;\/blockquote&gt;&quot;,&quot;elementId&quot;:&quot;5c19a694-5626-4f36-b858-8ef341f657db&quot;}],&quot;attributes&quot;:{&quot;pinned&quot;:true,&quot;keyEvent&quot;:true,&quot;summary&quot;:false},&quot;blockCreatedOn&quot;:1676362570000,&quot;blockCreatedOnDisplay&quot;:&quot;08.16\u00a0GMT&quot;,&quot;blockLastUpdated&quot;:1676363138000,&quot;blockLastUpdatedDisplay&quot;:&quot;08.25\u00a0GMT&quot;,&quot;blockFirstPublished&quot;:1676363124000,&quot;blockFirstPublishedDisplay&quot;:&quot;08.25\u00a0GMT&quot;,&quot;blockFirstPublishedDisplayNoTimezone&quot;:&quot;08.25&quot;,&quot;title&quot;:&quot;FTSE 100 hits record high, with 8,000 points in view&quot;,&quot;contributors&quot;:[],&quot;primaryDateLine&quot;:&quot;Tue 14 Feb 2023 09.57 GMT&quot;,&quot;secondaryDateLine&quot;:&quot;First published on Tue 14 Feb 2023 07.32 GMT&quot;},{&quot;id&quot;:&quot;63eb40c18f08be25c15464bc&quot;,&quot;elements&quot;:[{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;&lt;strong&gt;Almost a million working days were lost to strikes in December as real-terms pay growth last year dropped at among the fastest rates for more than 20 years, &lt;\/strong&gt;&lt;em&gt;&lt;strong&gt;my colleague Richard Partington reports.&lt;\/strong&gt;&lt;\/em&gt;&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;13f54e0d-3012-4df0-be5d-6ca307403c47&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;The figures from the &lt;a href=\\&quot;https:\/\/www.ons.gov.uk\/employmentandlabourmarket\/peopleinwork\/employmentandemployeetypes\/bulletins\/uklabourmarket\/february2023\\&quot;&gt;Office for National Statistics&lt;\/a&gt; add to the squeeze on households amid the cost of living crisis.&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;03f6c46c-6aa3-4aa8-9fbb-1066d91fae4f&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;It said 843,000 working days were lost in December, the highest monthly figure for more than a decade, amid rolling strikes involving NHS, rail and Post Office workers, and elsewhere across the economy.&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;93b31e93-72ea-4b7c-a989-c3646241efd1&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;ONS figures also showed that real-terms pay, excluding bonuses, fell by 3.6% in the three months to December, among the largest falls since comparable records began in 2001.&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;8aff4e9b-5111-49f9-8241-27a8f1404145&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;Here\u2019s the full story:&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;e7104d95-56da-45a8-aefc-2d406f8c2fff&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.RichLinkBlockElement&quot;,&quot;url&quot;:&quot;https:\/\/www.theguardian.com\/uk-news\/2023\/feb\/14\/nearly-million-days-lost-strikes-december-uk-pay-growth&quot;,&quot;text&quot;:&quot;Nearly a million days lost to strikes in December in UK&quot;,&quot;prefix&quot;:&quot;Related: &quot;,&quot;role&quot;:&quot;thumbnail&quot;,&quot;elementId&quot;:&quot;e74bff81-331a-4d9c-a867-15ce6353ffec&quot;}],&quot;attributes&quot;:{&quot;pinned&quot;:false,&quot;keyEvent&quot;:true,&quot;summary&quot;:false},&quot;blockCreatedOn&quot;:1676361921000,&quot;blockCreatedOnDisplay&quot;:&quot;08.05\u00a0GMT&quot;,&quot;blockLastUpdated&quot;:1676362567000,&quot;blockLastUpdatedDisplay&quot;:&quot;08.16\u00a0GMT&quot;,&quot;blockFirstPublished&quot;:1676362567000,&quot;blockFirstPublishedDisplay&quot;:&quot;08.16\u00a0GMT&quot;,&quot;blockFirstPublishedDisplayNoTimezone&quot;:&quot;08.16&quot;,&quot;title&quot;:&quot;Full story: Nearly a million days lost to strikes in December in UK&quot;,&quot;contributors&quot;:[{&quot;name&quot;:&quot;Richard Partington&quot;,&quot;imageUrl&quot;:&quot;https:\/\/i.guim.co.uk\/img\/uploads\/2017\/12\/27\/Richard-Partington.jpg?width=300&amp;quality=85&amp;auto=format&amp;fit=max&amp;s=7a0cd4e01f7289ba75909509b7b8da7c&quot;,&quot;largeImageUrl&quot;:&quot;https:\/\/www.businesstelegraph.co.uk\/wp-content\/uploads\/2023\/02\/FTSE-100-hits-record-high-UK-strike-disruption-highest-since.png&quot;}],&quot;primaryDateLine&quot;:&quot;Tue 14 Feb 2023 09.57 GMT&quot;,&quot;secondaryDateLine&quot;:&quot;First published on Tue 14 Feb 2023 07.32 GMT&quot;},{&quot;id&quot;:&quot;63eb3f3a8f08be25c15464b7&quot;,&quot;elements&quot;:[{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;&lt;strong&gt;Guy Opperman MP, &lt;\/strong&gt;minister for employment, is cheered by the rise in employment in the last quarter:&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;a6cbc394-62e8-4ffd-94a5-af1539878dab&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.BlockquoteBlockElement&quot;,&quot;html&quot;:&quot;&lt;blockquote class=\\&quot;quoted\\&quot;&gt;\\n &lt;p&gt;It\u2019s encouraging to see that more people are moving into work, as we know that being in employment is the best way to deliver financial security, skills and confidence.&lt;\/p&gt;\\n &lt;p&gt;We\u2019ve also made huge progress for everyone looking to boost their earnings or land a new role, with the employment rate increasing and more people joining payrolls.&lt;\/p&gt;\\n &lt;p&gt;Growing the economy is one of our top five priorities which will deliver more high quality jobs, boosting everyone\u2019s prospects and prosperity.&lt;\/p&gt;\\n&lt;\/blockquote&gt;&quot;,&quot;elementId&quot;:&quot;4c7a9fe8-7722-40c1-9e6e-a972d5d21a41&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;But &lt;strong&gt;Rachel Reeves MP, Labour\u2019s shadow chancellor, &lt;\/strong&gt;is concerned that wages continued to lag inflation. She says:&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;16e56b4e-e153-4d5e-b2c6-6eacc1ba92ee&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.BlockquoteBlockElement&quot;,&quot;html&quot;:&quot;&lt;blockquote class=\\&quot;quoted\\&quot;&gt;\\n &lt;p&gt;Britain has huge potential \u2013 but 13 years of the Tories has left real wages down, families worse off, and our economy lagging behind on the global stage.&lt;\/p&gt;\\n &lt;p&gt;The government needs to stop sitting back and following this path of managed decline.&lt;\/p&gt;\\n &lt;p&gt;Labour will get people back into work, with our real plan for growth to create good, new jobs across every part of our country.&lt;\/p&gt;\\n&lt;\/blockquote&gt;&quot;,&quot;elementId&quot;:&quot;798406f8-7004-4b75-9603-8c1a7ac8b475&quot;}],&quot;attributes&quot;:{&quot;pinned&quot;:false,&quot;keyEvent&quot;:true,&quot;summary&quot;:false},&quot;blockCreatedOn&quot;:1676361530000,&quot;blockCreatedOnDisplay&quot;:&quot;07.58\u00a0GMT&quot;,&quot;blockLastUpdated&quot;:1676365634000,&quot;blockLastUpdatedDisplay&quot;:&quot;09.07\u00a0GMT&quot;,&quot;blockFirstPublished&quot;:1676362508000,&quot;blockFirstPublishedDisplay&quot;:&quot;08.15\u00a0GMT&quot;,&quot;blockFirstPublishedDisplayNoTimezone&quot;:&quot;08.15&quot;,&quot;title&quot;:&quot;Political reaction&quot;,&quot;contributors&quot;:[],&quot;primaryDateLine&quot;:&quot;Tue 14 Feb 2023 09.57 GMT&quot;,&quot;secondaryDateLine&quot;:&quot;First published on Tue 14 Feb 2023 07.32 GMT&quot;},{&quot;id&quot;:&quot;63eb3eb98f082572e3bba4af&quot;,&quot;elements&quot;:[{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;UK workers have now suffered 15 miserable years of real wages, says &lt;strong&gt;Stephen Evans&lt;\/strong&gt;, chief executive at&lt;strong&gt; Learning and Work Institute:&lt;\/strong&gt;&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;5b63a01a-9ed3-42b6-8479-873251e8f12c&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.BlockquoteBlockElement&quot;,&quot;html&quot;:&quot;&lt;blockquote class=\\&quot;quoted\\&quot;&gt;\\n &lt;p&gt;Real earnings are falling at their fastest rates since the financial crisis due to high inflation, leaving them no higher now than before the pandemic. A miserable 15 years for real wage growth means people would be earning \u00a311,000 a year more on average if pre-financial crisis trends had continued. So as well as bringing inflation under control, we urgently need a growth plan for our economy.&lt;\/p&gt;\\n&lt;\/blockquote&gt;&quot;,&quot;elementId&quot;:&quot;ab020a92-04b4-4651-a931-8ac901b7b660&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;Evans adds that the fall in economic inactivity at the end of 2022 is welcome\u2026 but was driven more by a reduction in young people studying than older people returning to the labour market.&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;d2396f4d-5645-47ac-982f-2df475d36df9&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;He adds:&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;e542c6b3-0f34-4cae-81ec-a1a6f1a925bd&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.BlockquoteBlockElement&quot;,&quot;html&quot;:&quot;&lt;blockquote class=\\&quot;quoted\\&quot;&gt;\\n &lt;p&gt;Economic inactivity is still 500,000 higher than pre-pandemic, and almost 2.5 million people are out of the labour market due to long-term sickness. Only one in ten out-of-work older people and disabled people get help to find work each year, the Chancellor must change that in next month\u2019s spring budget.&lt;\/p&gt;\\n&lt;\/blockquote&gt;&quot;,&quot;elementId&quot;:&quot;240edd31-e7f7-4ddd-9d27-4ef6eb232c34&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TweetBlockElement&quot;,&quot;html&quot;:&quot;&lt;blockquote class=\\&quot;twitter-tweet\\&quot;&gt;&lt;p lang=\\&quot;en\\&quot; dir=\\&quot;ltr\\&quot;&gt;1. New labour market stats continue to show sharp drops in real earnings due to high inflation. Meanwhile a welcome drop in economic inactivity is more down to fewer young people studying than more older people returning to the jobs market. Thread to follow. &lt;a href=\\&quot;https:\/\/t.co\/bKN3H2unhh\\&quot;&gt;pic.twitter.com\/bKN3H2unhh&lt;\/a&gt;&lt;\/p&gt;&amp;mdash; Stephen Evans (@Stephen_EvansUK) &lt;a href=\\&quot;https:\/\/twitter.com\/Stephen_EvansUK\/status\/1625401808590864385?ref_src=twsrc%5Etfw\\&quot;&gt;February 14, 2023&lt;\/a&gt;&lt;\/blockquote&gt;\\n&quot;,&quot;url&quot;:&quot;https:\/\/twitter.com\/Stephen_EvansUK\/status\/1625401808590864385&quot;,&quot;id&quot;:&quot;1625401808590864385&quot;,&quot;hasMedia&quot;:false,&quot;role&quot;:&quot;inline&quot;,&quot;isThirdPartyTracking&quot;:false,&quot;source&quot;:&quot;Twitter&quot;,&quot;elementId&quot;:&quot;c87feb2f-8625-4b2b-9920-8d3199f40b40&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TweetBlockElement&quot;,&quot;html&quot;:&quot;&lt;blockquote class=\\&quot;twitter-tweet\\&quot; data-conversation=\\&quot;none\\&quot;&gt;&lt;p lang=\\&quot;en\\&quot; dir=\\&quot;ltr\\&quot;&gt;2. Real earnings fell 3.1% in last 3 months, sharpest falls since financial crisis. High inflation has wiped out all gains since start of pandemic. After 15 terrible years for wage growth, on average we&amp;#39;d each have \u00a311k more a year if pre-crisis trends had continued. \u00a311k! &lt;a href=\\&quot;https:\/\/t.co\/jRcE2KaT2D\\&quot;&gt;pic.twitter.com\/jRcE2KaT2D&lt;\/a&gt;&lt;\/p&gt;&amp;mdash; Stephen Evans (@Stephen_EvansUK) &lt;a href=\\&quot;https:\/\/twitter.com\/Stephen_EvansUK\/status\/1625403253847470080?ref_src=twsrc%5Etfw\\&quot;&gt;February 14, 2023&lt;\/a&gt;&lt;\/blockquote&gt;\\n&quot;,&quot;url&quot;:&quot;https:\/\/twitter.com\/Stephen_EvansUK\/status\/1625403253847470080&quot;,&quot;id&quot;:&quot;1625403253847470080&quot;,&quot;hasMedia&quot;:false,&quot;role&quot;:&quot;inline&quot;,&quot;isThirdPartyTracking&quot;:false,&quot;source&quot;:&quot;Twitter&quot;,&quot;elementId&quot;:&quot;fc84cbf3-8680-4813-b47f-ea1895e1f2b0&quot;}],&quot;attributes&quot;:{&quot;pinned&quot;:false,&quot;keyEvent&quot;:true,&quot;summary&quot;:false},&quot;blockCreatedOn&quot;:1676361401000,&quot;blockCreatedOnDisplay&quot;:&quot;07.56\u00a0GMT&quot;,&quot;blockLastUpdated&quot;:1676365681000,&quot;blockLastUpdatedDisplay&quot;:&quot;09.08\u00a0GMT&quot;,&quot;blockFirstPublished&quot;:1676362352000,&quot;blockFirstPublishedDisplay&quot;:&quot;08.12\u00a0GMT&quot;,&quot;blockFirstPublishedDisplayNoTimezone&quot;:&quot;08.12&quot;,&quot;title&quot;:&quot;15 'terrible years' of wage growth&quot;,&quot;contributors&quot;:[],&quot;primaryDateLine&quot;:&quot;Tue 14 Feb 2023 09.57 GMT&quot;,&quot;secondaryDateLine&quot;:&quot;First published on Tue 14 Feb 2023 07.32 GMT&quot;},{&quot;id&quot;:&quot;63eb3ed88f082572e3bba4b0&quot;,&quot;elements&quot;:[{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;Here\u2019s &lt;strong&gt;Darren&lt;\/strong&gt; &lt;strong&gt;Morgan&lt;\/strong&gt;, director of economic statistics at the &lt;strong&gt;Office for National Statistics&lt;\/strong&gt; (ONS), with the key points from today\u2019s UK jobs report:&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;abb3775d-722d-4636-b18e-2147c5a34b28&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.BlockquoteBlockElement&quot;,&quot;html&quot;:&quot;&lt;blockquote class=\\&quot;quoted\\&quot;&gt;\\n &lt;p&gt;The last quarter of 2022 saw fewer people remaining outside the labour market altogether, with some moving straight back into a job and others starting to seek work again.&lt;\/p&gt;\\n &lt;p&gt;This meant that although employment rose again, unemployment edged up also.&lt;\/p&gt;\\n &lt;p&gt;Although there is still a large gap between earnings growth in the public and private sectors, this narrowed slightly in the latest period.&lt;\/p&gt;\\n &lt;p&gt;Overall pay, though, continues to be outstripped by rising prices.&lt;\/p&gt;\\n &lt;p&gt;Though still at historically very high levels, job vacancies have dropped again, with a particularly sharp fall from the smallest employers.&lt;\/p&gt;\\n &lt;p&gt;The number of working days lost to strikes rose again sharply in December.&lt;\/p&gt;\\n &lt;p&gt;Transport and communications remained the most heavily affected area, but this month there was also a large contribution from the health sector.&lt;\/p&gt;\\n&lt;\/blockquote&gt;&quot;,&quot;elementId&quot;:&quot;0421fc4c-73d8-4e2d-9f04-af22ae375f76&quot;}],&quot;attributes&quot;:{&quot;pinned&quot;:false,&quot;keyEvent&quot;:true,&quot;summary&quot;:false},&quot;blockCreatedOn&quot;:1676361432000,&quot;blockCreatedOnDisplay&quot;:&quot;07.57\u00a0GMT&quot;,&quot;blockLastUpdated&quot;:1676365655000,&quot;blockLastUpdatedDisplay&quot;:&quot;09.07\u00a0GMT&quot;,&quot;blockFirstPublished&quot;:1676361506000,&quot;blockFirstPublishedDisplay&quot;:&quot;07.58\u00a0GMT&quot;,&quot;blockFirstPublishedDisplayNoTimezone&quot;:&quot;07.58&quot;,&quot;title&quot;:&quot;ONS: Sharp rise in days lost to strikes&quot;,&quot;contributors&quot;:[],&quot;primaryDateLine&quot;:&quot;Tue 14 Feb 2023 09.57 GMT&quot;,&quot;secondaryDateLine&quot;:&quot;First published on Tue 14 Feb 2023 07.32 GMT&quot;},{&quot;id&quot;:&quot;63eb39aa8f08be25c15464a2&quot;,&quot;elements&quot;:[{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;&lt;strong&gt;The number of vacancies across the UK has fallen, as companies hold back their hiring plans as the economy slows.&lt;\/strong&gt;&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;b8995f12-6a9f-45f7-a029-728209ee2f2b&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;There were 1.134m vacancies in the November-January quarter, the Office for National Statistics reports. That\u2019s a decrease of 76,000 from August to October 2022 \u2013 the seventh quarterly decline in a row.&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;77d5edf9-bd74-4994-86ab-76be503a60c4&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;Vacancies fell at 16 out of 18 industry sectors during the quarter, and were 135,000 lower than a year 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vacancies fall&quot;,&quot;contributors&quot;:[],&quot;primaryDateLine&quot;:&quot;Tue 14 Feb 2023 09.57 GMT&quot;,&quot;secondaryDateLine&quot;:&quot;First published on Tue 14 Feb 2023 07.32 GMT&quot;},{&quot;id&quot;:&quot;63eb30a38f08393915cbe5f1&quot;,&quot;elements&quot;:[{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;&lt;strong&gt;Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy.&lt;\/strong&gt;&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;eb3dfb63-22f0-424c-a8d4-055638d15076&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;The wave of UK strike action at the end of last year was the most disruptive in over a decade, the latest employment data shows.&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;2c6cf13f-0788-470c-9a4d-174cb4bf8bfa&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;The Office for National Statistics has reported this morning that 843,000 working days were lost because of labour disputes in December 2022, the highest for any month since since November 2011.&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;d2d0d50d-11b8-4b35-9016-fb119ff81aab&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;Key services across the UK were hit by industrial action during December, as workers pushed for pay rises that kept up with UK inflation. &lt;a href=\\&quot;https:\/\/www.theguardian.com\/uk-news\/live\/2022\/dec\/26\/boxing-day-strike-travel-chaos-rail-railway-border-force-industrisal-action\\&quot;&gt;Railway workers&lt;\/a&gt;, Royal Mail staff, border force staff and &lt;a href=\\&quot;https:\/\/www.theguardian.com\/uk-news\/2022\/dec\/20\/nurses-action-part-of-biggest-wave-strikes-generation-uk\\&quot;&gt;nurses &lt;\/a&gt;were among those taking strike action.&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;a0c3fbef-abe4-4c18-b210-2fe5f30ecf45&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.RichLinkBlockElement&quot;,&quot;url&quot;:&quot;https:\/\/www.theguardian.com\/uk-news\/2022\/dec\/04\/december-of-discontent-will-strikers-or-government-and-management-take-the-blame&quot;,&quot;text&quot;:&quot;December of discontent: will strikers or government and management take the blame?&quot;,&quot;prefix&quot;:&quot;Related: &quot;,&quot;role&quot;:&quot;thumbnail&quot;,&quot;elementId&quot;:&quot;dc53b042-3e86-4d8e-a53e-862d24a3d432&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;Today\u2019s labour market report also shows that basic pay grew at the the fastest rate on record, outside of the Covid-19 pandemic period.&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;9be281b9-5042-41d2-beb3-e0f8176baf64&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;Regular pay (excluding bonuses) rose by 6.7% per year in the October-December quarter.&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;63c9295e-4c35-4fce-84ec-5c4eb6290a2d&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;That may alarm the Bank of England, as it tries to bring UK inflation down from double-digit levels towards its 2% target.&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;88d46ccd-1660-426f-a773-6413d1ea154a&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;The ONS says:&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;82f193dd-3bb3-4753-837e-4cad081253d9&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.BlockquoteBlockElement&quot;,&quot;html&quot;:&quot;&lt;blockquote class=\\&quot;quoted\\&quot;&gt;\\n &lt;p&gt;For regular pay, this is the strongest growth rate seen outside of the coronavirus (COVID-19) pandemic period.&lt;\/p&gt;\\n&lt;\/blockquote&gt;&quot;,&quot;elementId&quot;:&quot;4bcafa44-ac99-40b0-b920-7f9d7ba30be8&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;Growth in average total pay (including bonuses) slowed a little, to 5.9%.&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;10b2d844-4fb4-4493-8c56-60e83fd5c944&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;Public sector pay lagged behind private sector employees, though. Average regular pay growth for the &lt;strong&gt;private&lt;\/strong&gt; &lt;strong&gt;sector&lt;\/strong&gt; was 7.3% in October to December 2022, and 4.2% for the &lt;strong&gt;public&lt;\/strong&gt; &lt;strong&gt;sector&lt;\/strong&gt;.&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;0ff6006a-95ea-4324-815c-bbcaac22ab81&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;But once you adjust for inflation, pay actually fell.&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;3276d77d-6c43-499f-9f48-7062a4ddbb6a&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;&lt;strong&gt;In real terms (adjusted for inflation), total pay shrank by 3.1% while regulay pay fell by 2.5%. This is one of the biggest falls on record.&lt;\/strong&gt;&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;3fbe15a1-587d-43e8-afa6-841f37ba33b7&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;The ONS says:&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;e8ee4bfe-4146-497c-aaaf-97b41c04d845&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.BlockquoteBlockElement&quot;,&quot;html&quot;:&quot;&lt;blockquote class=\\&quot;quoted\\&quot;&gt;\\n &lt;p&gt;This is smaller than the record fall in real total pay we saw in February to April 2009 (4.5%), but remains among the largest falls in growth since comparable records began in 2001.&lt;\/p&gt;\\n&lt;\/blockquote&gt;&quot;,&quot;elementId&quot;:&quot;56cd69c3-42ab-4148-9a27-292ae7643f0d&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;Today\u2019s labour market also shows that the unemployment rate remained near at record low, at 3.7%.&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;8d47ced9-a612-493c-97cc-a133f42aaf51&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TweetBlockElement&quot;,&quot;html&quot;:&quot;&lt;blockquote class=\\&quot;twitter-tweet\\&quot;&gt;&lt;p lang=\\&quot;en\\&quot; dir=\\&quot;ltr\\&quot;&gt;Headline indicators for the UK labour market for October to December 2022 show that: &lt;br&gt;&lt;br&gt;\u25aa\ufe0f employment was 75.6% &lt;br&gt;\u25aa\ufe0f unemployment was 3.7% &lt;br&gt;\u25aa\ufe0f economic inactivity was 21.4% &lt;br&gt;&lt;br&gt;\u27a1\ufe0f &lt;a href=\\&quot;https:\/\/t.co\/kXOT4RK1cE\\&quot;&gt;https:\/\/t.co\/kXOT4RK1cE&lt;\/a&gt; &lt;a href=\\&quot;https:\/\/t.co\/bZhubsYpAD\\&quot;&gt;pic.twitter.com\/bZhubsYpAD&lt;\/a&gt;&lt;\/p&gt;&amp;mdash; Office for National Statistics (ONS) (@ONS) &lt;a href=\\&quot;https:\/\/twitter.com\/ONS\/status\/1625390463841705984?ref_src=twsrc%5Etfw\\&quot;&gt;February 14, 2023&lt;\/a&gt;&lt;\/blockquote&gt;\\n&quot;,&quot;url&quot;:&quot;https:\/\/twitter.com\/ONS\/status\/1625390463841705984&quot;,&quot;id&quot;:&quot;1625390463841705984&quot;,&quot;hasMedia&quot;:false,&quot;role&quot;:&quot;inline&quot;,&quot;isThirdPartyTracking&quot;:false,&quot;source&quot;:&quot;Twitter&quot;,&quot;elementId&quot;:&quot;9d5b14d6-48f9-4b35-a651-6b68bb021d9f&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.SubheadingBlockElement&quot;,&quot;html&quot;:&quot;&lt;h2&gt;Also coming up today&lt;\/h2&gt;&quot;,&quot;elementId&quot;:&quot;f0039e7e-3792-4bd5-828c-dc277b0b485a&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;Investors are poised for the latest US inflation report, due at 1.30pm UK time.&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;e86471e3-0fc5-419c-a084-7f591325de3b&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;It\u2019s expected to show that the cost of living squeeze eased, with the consumer prices index dropping to 6.2% per year from 6.5% in the year to December.&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;6e8e84da-4985-4848-b8f9-4c74e9af5159&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TweetBlockElement&quot;,&quot;html&quot;:&quot;&lt;blockquote class=\\&quot;twitter-tweet\\&quot;&gt;&lt;p lang=\\&quot;en\\&quot; dir=\\&quot;ltr\\&quot;&gt;The all important US \ud83c\uddfa\ud83c\uddf8 CPI data is to be released Tuesday. Consensus for full year to Jan \u201823 is 6.2% vs 6.5% for year to Dec \u201822. For what it\u2019s worth, here is the \u2066&lt;a href=\\&quot;https:\/\/twitter.com\/jpmorgan?ref_src=twsrc%5Etfw\\&quot;&gt;@jpmorgan&lt;\/a&gt;\u2069 CPI playbook\ud83d\udc47\ud83d\udc47\ud83d\udc47\ud83d\udc47\ud83d\udc47 &lt;a href=\\&quot;https:\/\/t.co\/vmz3w8X7Zg\\&quot;&gt;pic.twitter.com\/vmz3w8X7Zg&lt;\/a&gt;&lt;\/p&gt;&amp;mdash; Alex Sundich (@AlexSundich) &lt;a href=\\&quot;https:\/\/twitter.com\/AlexSundich\/status\/1625384049744424960?ref_src=twsrc%5Etfw\\&quot;&gt;February 14, 2023&lt;\/a&gt;&lt;\/blockquote&gt;\\n&quot;,&quot;url&quot;:&quot;https:\/\/twitter.com\/AlexSundich\/status\/1625384049744424960&quot;,&quot;id&quot;:&quot;1625384049744424960&quot;,&quot;hasMedia&quot;:false,&quot;role&quot;:&quot;inline&quot;,&quot;isThirdPartyTracking&quot;:false,&quot;source&quot;:&quot;Twitter&quot;,&quot;elementId&quot;:&quot;e816ed1f-e669-4410-8c7d-f48e2ec0cde2&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;A sharp drop in inflation would clearly be welcomed by the markets, as it could encourage US central bankers to slow their interest rate increases.&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;a4740cc1-183d-4271-8fbf-0bdbf7a3ad54&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;&lt;strong&gt;Wael&lt;\/strong&gt; &lt;strong&gt;Makarem&lt;\/strong&gt;, senior market strategist at trading platform &lt;strong&gt;Exness&lt;\/strong&gt;, says:&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;9fae6c58-07e5-4059-89c4-bbfcded5cade&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.BlockquoteBlockElement&quot;,&quot;html&quot;:&quot;&lt;blockquote class=\\&quot;quoted\\&quot;&gt;\\n &lt;p&gt;This could be a critical data point for the dollar and other assets in particular after the Federal Reserve slowed the pace of its interest rate increases and the surprise over the US job market\u2019s figures.&lt;\/p&gt;\\n &lt;p&gt;Inflation in the US has been declining on a year-on-year basis, pushing the US central bank to review its policy. However, a surprise tomorrow could alter expectations. Higher-than-expected inflation figures could reinforce the case for higher interest rates for a longer period of time, which could push the US dollar higher. In any case, higher volatility could be expected.&lt;\/p&gt;\\n&lt;\/blockquote&gt;&quot;,&quot;elementId&quot;:&quot;7cb9cdb4-70c4-42c9-bbd6-184f661302ef&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.SubheadingBlockElement&quot;,&quot;html&quot;:&quot;&lt;h2&gt;The agenda&lt;\/h2&gt;&quot;,&quot;elementId&quot;:&quot;a6ef8247-2ca9-478b-a8fd-88494b8bc8c0&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;ul&gt;\\n &lt;li&gt;&lt;p&gt;7am GMT: UK labour market report&lt;\/p&gt;&lt;\/li&gt;\\n &lt;li&gt;&lt;p&gt;10am GMT: Eurozone GDP report for Q4 2022 (second estimate)&lt;\/p&gt;&lt;\/li&gt;\\n &lt;li&gt;&lt;p&gt;1.30pm GMT: US inflation report for January&lt;\/p&gt;&lt;\/li&gt;\\n&lt;\/ul&gt;&quot;,&quot;elementId&quot;:&quot;a21f91a6-e0c1-443c-8333-20a7e178562d&quot;}],&quot;attributes&quot;:{&quot;pinned&quot;:false,&quot;keyEvent&quot;:true,&quot;summary&quot;:false},&quot;blockCreatedOn&quot;:1676359977000,&quot;blockCreatedOnDisplay&quot;:&quot;07.32\u00a0GMT&quot;,&quot;blockLastUpdated&quot;:1676365583000,&quot;blockLastUpdatedDisplay&quot;:&quot;09.06\u00a0GMT&quot;,&quot;blockFirstPublished&quot;:1676359977000,&quot;blockFirstPublishedDisplay&quot;:&quot;07.32\u00a0GMT&quot;,&quot;blockFirstPublishedDisplayNoTimezone&quot;:&quot;07.32&quot;,&quot;title&quot;:&quot;Introduction: 843,000 working days lost to strikes in December&quot;,&quot;contributors&quot;:[],&quot;primaryDateLine&quot;:&quot;Tue 14 Feb 2023 09.57 GMT&quot;,&quot;secondaryDateLine&quot;:&quot;First published on Tue 14 Feb 2023 07.32 GMT&quot;}],&quot;filterKeyEvents&quot;:false,&quot;id&quot;:&quot;key-events-carousel-mobile&quot;}\"><\/p>\n<div class=\"dcr-1kmjezm\">\n<p>Filters <span class=\"dcr-pq73yz\">BETA<\/span><\/p>\n<p><button type=\"button\" aria-live=\"polite\" aria-label=\"Activate Key events filter\" data-link-name=\"Key events | filter on\" class=\"dcr-vg3m8j\"><span class=\"dcr-7zjvjo\">Key events<\/span> <span class=\"dcr-1kmy1fu\">(<!-- -->9<!-- -->)<\/span><\/button><button type=\"button\" aria-live=\"polite\" aria-label=\"Activate UK filter\" data-link-name=\"GPE:UK | filter on\" class=\"dcr-vg3m8j\"><span class=\"dcr-7zjvjo\">UK<\/span> <span class=\"dcr-1kmy1fu\">(<!-- -->13<!-- -->)<\/span><\/button><button type=\"button\" aria-live=\"polite\" aria-label=\"Activate US filter\" data-link-name=\"GPE:US | filter on\" class=\"dcr-vg3m8j\"><span class=\"dcr-7zjvjo\">US<\/span> <span class=\"dcr-1kmy1fu\">(<!-- -->6<!-- -->)<\/span><\/button><button type=\"button\" aria-live=\"polite\" aria-label=\"Activate Office for National Statistics filter\" data-link-name=\"ORG:Office for National Statistics | filter on\" class=\"dcr-vg3m8j\"><span class=\"dcr-7zjvjo\">Office for National Statistics<\/span> <span class=\"dcr-1kmy1fu\">(<!-- -->6<!-- -->)<\/span><\/button><\/p>\n<\/div>\n<p><\/gu-island><\/span><\/p>\n<article id=\"block-63eb5b028f082572e3bba5ab\" class=\"block dcr-1r02hz5\">\n<header class=\"dcr-88va8u\"\/>\n<p class=\"dcr-h26idz\">\u201cIt might be stretching things to say love is in the air when it comes to the stock market, but the FTSE 100 is mounting a Valentine\u2019s Day push toward the 8,000 level,\u201d says <strong>AJ Bell <\/strong>investment director <strong>Russ Mould<\/strong>.<\/p>\n<blockquote class=\"dcr-1vwjs1l\">\n<p><svg viewbox=\"4 4 24 16\" class=\"css-cumn2r\"><path d=\"M9.2776 8H14.0473C13.4732 12.5489 12.9653 17.0095 12.7445 22H4C4.79495 17.142 6.4511 12.5489 9.2776 8ZM20.3852 8H25.0887C24.5808 12.5489 24.0067 17.0095 23.7859 22H15.0635C15.9688 17.142 17.5587 12.5489 20.3852 8Z\"\/><\/svg>\u201cAll eyes will be fixed on Washington later as the US Bureau of Labor Statistics posts inflation numbers for January.<\/p>\n<p>\u201cThe expectation is for another modest easing of inflationary pressures and anything more than this could provide a real boost to sentiment \u2013 though conversely a renewed move higher in the inflation rate could prompt heavy selling.<\/p>\n<p>\u201cIn the UK record wage growth raised concerns the UK\u2019s own inflation problems might prove stickier than feared ahead of the UK posting its own CPI numbers on Wednesday.<\/p>\n<p>\u201cHowever, the Bank of England will likely be hoping the lagged impact of a series of rate increases is yet to fully come through amid growing expectations a rate hike in March will be the last.\u201d<\/p>\n<\/blockquote>\n<footer class=\"dcr-3i7iba\"\/><\/article>\n<article id=\"block-63eb57fd8f08be25c154657a\" class=\"block dcr-1r02hz5\">\n<header class=\"dcr-88va8u\">\n<h2 class=\"dcr-e6uddv\">FTSE 100&#8217;s strength doesn&#8217;t reflect UK economy&#8217;s performance<\/h2>\n<\/header>\n<p class=\"dcr-h26idz\">The tailwinds from another decent market performance in the US overnight have given the FTSE 100 another boost this morning, <strong>Richard Hunter, <\/strong>head of markets at<strong> <a href=\"https:\/\/www.ii.co.uk\/\" data-link-name=\"in body link\">interactive investor<\/a><\/strong>, tells us.<\/p>\n<p class=\"dcr-h26idz\">He also points out that the FTSE 100 is not a gauge of the UK economy\u2026.<\/p>\n<blockquote class=\"dcr-1vwjs1l\">\n<p><svg viewbox=\"4 4 24 16\" class=\"css-cumn2r\"><path d=\"M9.2776 8H14.0473C13.4732 12.5489 12.9653 17.0095 12.7445 22H4C4.79495 17.142 6.4511 12.5489 9.2776 8ZM20.3852 8H25.0887C24.5808 12.5489 24.0067 17.0095 23.7859 22H15.0635C15.9688 17.142 17.5587 12.5489 20.3852 8Z\"\/><\/svg>The index continues to attract investment interest with its exposure to banks and energy companies still seeing the benefits of rising interest rates and a recovering Chinese economy respectively. At the same time, its proliferation of defensive, and in some cases somewhat inflation-proof stocks, along with an average dividend yield of 3.5% all add to its attractions as a potential investment destination of choice.<\/p>\n<p>Perhaps most importantly, the index is not an accurate barometer of the UK economy. An estimated 75% of company earnings come from overseas which, coupled with the more recent weakness in sterling, means that these earnings become more valuable on repatriation.<\/p>\n<p>These combined factors resulted in a strong outperformance compared to many other global indices last year. In 2022, for example, the main indices in the US plummeted &#8211; the Dow Jones was down by 8.8%, the S&amp;P500 by 19.5% and the technology-heavy Nasdaq by 33.1%. The FTSE 100 eked out a gain of 0.9% (excluding dividends) and is now ahead by over 7% in the year to date.<\/p>\n<\/blockquote>\n<p class=\"dcr-h26idz\">Last week we learned that the UK economy stagnated at the end of 2022, with no growth in the October-December quarter.<\/p>\n<figure id=\"c56bbfcd-18fb-433d-8ccb-e4f12118121e\" data-spacefinder-role=\"inline\" data-spacefinder-type=\"model.dotcomrendering.pageElements.RichLinkBlockElement\" class=\" dcr-173mewl\"><gu-island name=\"RichLinkComponent\" deferuntil=\"idle\" props=\"{&quot;richLinkIndex&quot;:4,&quot;element&quot;:{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.RichLinkBlockElement&quot;,&quot;url&quot;:&quot;https:\/\/www.theguardian.com\/business\/2023\/feb\/10\/uk-narrowly-avoided-recession-last-year-official-figures-show&quot;,&quot;text&quot;:&quot;UK narrowly avoids recession after figures show growth flatlining&quot;,&quot;prefix&quot;:&quot;Related: &quot;,&quot;role&quot;:&quot;inline&quot;,&quot;elementId&quot;:&quot;c56bbfcd-18fb-433d-8ccb-e4f12118121e&quot;},&quot;ajaxUrl&quot;:&quot;https:\/\/api.nextgen.guardianapps.co.uk&quot;,&quot;format&quot;:{&quot;display&quot;:0,&quot;theme&quot;:0,&quot;design&quot;:10}}\"\/><\/figure>\n<p class=\"dcr-h26idz\">The market is not the economy, rather it is a discounting mechanism which aims to anticipate future events, both economic and corporate, Hunter explains:<\/p>\n<blockquote class=\"dcr-1vwjs1l\">\n<p><svg viewbox=\"4 4 24 16\" class=\"css-cumn2r\"><path d=\"M9.2776 8H14.0473C13.4732 12.5489 12.9653 17.0095 12.7445 22H4C4.79495 17.142 6.4511 12.5489 9.2776 8ZM20.3852 8H25.0887C24.5808 12.5489 24.0067 17.0095 23.7859 22H15.0635C15.9688 17.142 17.5587 12.5489 20.3852 8Z\"\/><\/svg>If inflation and interest rates are peaking, and if company earnings continue to show resilience in the face of the economic challenges to come, the relatively cheap valuation of the index compared to many of its global peers could leave this rally with further to run.<\/p>\n<p>The strength of the FTSE 100 is therefore positive news for investors as well as its constituents, which happened to be based in the UK, as opposed to the performance of the UK economy itself.\u201d<\/p>\n<\/blockquote>\n<footer class=\"dcr-3i7iba\"\/><\/article>\n<article id=\"block-63eb52a58f08be25c1546535\" class=\"block dcr-1r02hz5\">\n<header class=\"dcr-88va8u\"\/>\n<p class=\"dcr-h26idz\"><strong>The FTSE 100 is closing in on the 8,000 point mark for the first time.<\/strong><\/p>\n<p class=\"dcr-h26idz\">The index has just climbed to 7996 points, a new alltime high.<\/p>\n<figure id=\"c16b46ef-cd15-4ead-8622-497f202eeaa1\" data-spacefinder-role=\"inline\" data-spacefinder-type=\"model.dotcomrendering.pageElements.TweetBlockElement\" class=\" dcr-173mewl\"><gu-island name=\"TweetBlockComponent\" deferuntil=\"visible\" props=\"{&quot;element&quot;:{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TweetBlockElement&quot;,&quot;html&quot;:&quot;&lt;blockquote class=\\&quot;nojs-tweet\\&quot;&gt;&lt;p lang=\\&quot;en\\&quot; dir=\\&quot;ltr\\&quot;&gt;&lt;a href=\\&quot;https:\/\/twitter.com\/hashtag\/ftse100?src=hash&amp;amp;ref_src=twsrc%5Etfw\\&quot;&gt;#ftse100&lt;\/a&gt; currently 7,996 \ud83e\udd42&lt;\/p&gt;&amp;mdash; Ronnie (@Ronniemarkets) &lt;a href=\\&quot;https:\/\/twitter.com\/Ronniemarkets\/status\/1625420805579366404?ref_src=twsrc%5Etfw\\&quot;&gt;February 14, 2023&lt;\/a&gt;&lt;\/blockquote&gt;\\n&quot;,&quot;url&quot;:&quot;https:\/\/twitter.com\/Ronniemarkets\/status\/1625420805579366404&quot;,&quot;id&quot;:&quot;1625420805579366404&quot;,&quot;hasMedia&quot;:false,&quot;role&quot;:&quot;inline&quot;,&quot;isThirdPartyTracking&quot;:false,&quot;source&quot;:&quot;Twitter&quot;,&quot;elementId&quot;:&quot;c16b46ef-cd15-4ead-8622-497f202eeaa1&quot;}}\"\/><\/figure>\n<p class=\"dcr-h26idz\">It\u2019s all about today\u2019s inflation data from the US [at 1.30pm UK time], says <strong>Neil<\/strong> <strong>Wilson<\/strong> of <strong>Markets.com.<\/strong><\/p>\n<blockquote class=\"dcr-1vwjs1l\">\n<p><svg viewbox=\"4 4 24 16\" class=\"css-cumn2r\"><path d=\"M9.2776 8H14.0473C13.4732 12.5489 12.9653 17.0095 12.7445 22H4C4.79495 17.142 6.4511 12.5489 9.2776 8ZM20.3852 8H25.0887C24.5808 12.5489 24.0067 17.0095 23.7859 22H15.0635C15.9688 17.142 17.5587 12.5489 20.3852 8Z\"\/><\/svg>Core inflation is expected to decline to 5.4% from 5.7%, up +0.4% month on month, with the headline print down to +6.2%. For all the talk of disinflation, price growth remains way too high.<\/p>\n<p>The market is going to realise that a peak inflation is leading to more of a plateau not a sharp march down.<\/p>\n<p>The FTSE 100 pushed up to a fresh record high, nudging closer to the magic 8,000 level, as risk remained bid following a positive start to the week ahead of today\u2019s all-important US inflation data.<\/p>\n<p>European equity markets were broadly higher after Wall Street closed up more than 1% and stocks in Asia were mainly higher.<\/p>\n<\/blockquote>\n<footer class=\"dcr-3i7iba\"\/><\/article>\n<article id=\"block-63eb47ef8f08393915cbe684\" class=\"block dcr-1r02hz5\">\n<header class=\"dcr-88va8u\">\n<h2 class=\"dcr-e6uddv\">Ford announces job cuts<\/h2>\n<\/header>\n<p class=\"dcr-h26idz\"><strong>Car giant Ford has said it is cutting around 3,800 jobs across Europe, including 1,300 in the UK, over the next three years.<\/strong><\/p>\n<p class=\"dcr-h26idz\">That\u2019s a fifth of its total workforce in the UK, <a href=\"https:\/\/www.bbc.co.uk\/news\/business-64629072\" data-link-name=\"in body link\">the BBC reports<\/a>.<\/p>\n<p class=\"dcr-h26idz\">The reduction in product development and administration jobs is as part of an overhaul as Ford battles rising costs and pivots its production towards electric vehicles.<\/p>\n<p class=\"dcr-h26idz\">Around 2,300 jobs will be cut in Germany, and 200 in the rest of Europe, the company said, adding it intends to achieve the reductions through voluntary separation programmes.<\/p>\n<p class=\"dcr-h26idz\">The American carmaker will retain around 3,400 engineers in Europe who will build on core technology provided by their U.S. counterparts and adapt it to European customers, European passenger electric vehicle (EV) chief and head of Ford Germany Martin Sander said on a press call.<\/p>\n<p class=\"dcr-h26idz\">Sander added:<\/p>\n<blockquote class=\"dcr-1vwjs1l\">\n<p><svg viewbox=\"4 4 24 16\" class=\"css-cumn2r\"><path d=\"M9.2776 8H14.0473C13.4732 12.5489 12.9653 17.0095 12.7445 22H4C4.79495 17.142 6.4511 12.5489 9.2776 8ZM20.3852 8H25.0887C24.5808 12.5489 24.0067 17.0095 23.7859 22H15.0635C15.9688 17.142 17.5587 12.5489 20.3852 8Z\"\/><\/svg>\u201cThere is significantly less work to be done on drivetrains moving out of combustion engines. We are moving into a world with less global platforms where less engineering work is necessary.<\/p>\n<p>This is why we have to make the adjustments.\u201d<\/p>\n<\/blockquote>\n<figure id=\"2fae1cb0-0b94-4658-b317-221d602d9419\" data-spacefinder-role=\"inline\" data-spacefinder-type=\"model.dotcomrendering.pageElements.TweetBlockElement\" class=\" dcr-173mewl\"><gu-island name=\"TweetBlockComponent\" deferuntil=\"visible\" props=\"{&quot;element&quot;:{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TweetBlockElement&quot;,&quot;html&quot;:&quot;&lt;blockquote class=\\&quot;nojs-tweet\\&quot;&gt;&lt;p lang=\\&quot;en\\&quot; dir=\\&quot;ltr\\&quot;&gt;\ud83d\udea8NEW: Ford to cut 3,800 jobs in Europe\ud83d\udea8&lt;br&gt;&lt;br&gt;\ud83d\udd272,800 in engineering&lt;br&gt;\ud83d\udd271,000 in admin\/back office&lt;br&gt;&lt;br&gt;Country split:&lt;br&gt;\ud83c\uddec\ud83c\udde71,300 &lt;br&gt;\ud83c\udde9\ud83c\uddea2,300 &lt;br&gt;\ud83c\uddea\ud83c\uddfa200 &lt;br&gt;&lt;br&gt;Driven by simpler EVs &amp;amp; smaller Ford line-up.&lt;br&gt;&lt;br&gt;Full story: &lt;a href=\\&quot;https:\/\/t.co\/f7VnTpmauR\\&quot;&gt;https:\/\/t.co\/f7VnTpmauR&lt;\/a&gt;&lt;\/p&gt;&amp;mdash; Peter Campbell (@Petercampbell1) &lt;a href=\\&quot;https:\/\/twitter.com\/Petercampbell1\/status\/1625413189906100224?ref_src=twsrc%5Etfw\\&quot;&gt;February 14, 2023&lt;\/a&gt;&lt;\/blockquote&gt;\\n&quot;,&quot;url&quot;:&quot;https:\/\/twitter.com\/Petercampbell1\/status\/1625413189906100224&quot;,&quot;id&quot;:&quot;1625413189906100224&quot;,&quot;hasMedia&quot;:false,&quot;role&quot;:&quot;inline&quot;,&quot;isThirdPartyTracking&quot;:false,&quot;source&quot;:&quot;Twitter&quot;,&quot;elementId&quot;:&quot;2fae1cb0-0b94-4658-b317-221d602d9419&quot;}}\"><\/p>\n<div id=\"tweet-container-2fae1cb0-0b94-4658-b317-221d602d9419\" class=\"dcr-kuntzf\">\n<blockquote class=\"nojs-tweet\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udea8NEW: Ford to cut 3,800 jobs in Europe\ud83d\udea8<\/p>\n<p>\ud83d\udd272,800 in engineering<br \/>\ud83d\udd271,000 in admin\/back office<\/p>\n<p>Country split:<br \/>\ud83c\uddec\ud83c\udde71,300 <br \/>\ud83c\udde9\ud83c\uddea2,300 <br \/>\ud83c\uddea\ud83c\uddfa200 <\/p>\n<p>Driven by simpler EVs &amp; smaller Ford line-up.<\/p>\n<p>Full story: <a href=\"https:\/\/t.co\/f7VnTpmauR\">https:\/\/t.co\/f7VnTpmauR<\/a><\/p>\n<p>\u2014 Peter Campbell (@Petercampbell1) <a href=\"https:\/\/twitter.com\/Petercampbell1\/status\/1625413189906100224?ref_src=twsrc%5Etfw\">February 14, 2023<\/a><\/p><\/blockquote>\n<\/div>\n<p><\/gu-island><\/figure>\n<footer class=\"dcr-3i7iba\">\n<p><time datetime=\"2023-02-14T08:48:49.000Z\" title=\"Last updated Tuesday, 14 February 2023, 08:48 Coordinated Universal Time\">Updated at 08.48\u00a0GMT<\/time><\/p>\n<\/footer>\n<\/article>\n<article id=\"block-63eb434a8f08393915cbe656\" class=\"block dcr-1r02hz5\">\n<header class=\"dcr-88va8u\">\n<h2 class=\"dcr-e6uddv\">FTSE 100 hits record high, with 8,000 points in view<\/h2>\n<\/header>\n<p class=\"dcr-h26idz\"><strong>In the City, the UK\u2019s blue-chip share index has hit a new record high, as it continues to rally in 2023.<\/strong><\/p>\n<p class=\"dcr-h26idz\">The FTSE 100 index has jumped by 36 points, or 0.45%, to 7986 points \u2013 its highest point on record.<\/p>\n<p class=\"dcr-h26idz\">The FTSE has now gained 7% so far this year, as markets have been lifted by hope that inflation may have peaked, meaning central banks may slow their interest rate increases.<\/p>\n<p class=\"dcr-h26idz\">The index hit its first record high since 2018 <a href=\"https:\/\/www.theguardian.com\/business\/2023\/feb\/03\/ftse-100-hits-record-high\" data-link-name=\"in body link\">at the start of this month<\/a>.<\/p>\n<p class=\"dcr-h26idz\">Traders are hopeful that US inflation fell last month \u2013 we get January\u2019s CPI report at 1.30pm UK time.<\/p>\n<p class=\"dcr-h26idz\">Mobile operator <strong>Vodafone<\/strong> is among the top FTSE 100 risers, up 1.8%. Yesterday, US telecoms group Liberty Global announced it had taken a 5% stake in <a href=\"https:\/\/www.theguardian.com\/business\/vodafonegroup\" data-link-name=\"in body link\">Vodafone<\/a> in a bet on the UK company\u2019s revival \u2013 but has ruled out making a takeover bid.<\/p>\n<figure id=\"75c4b650-0da4-4075-b00b-9387b03bc7c8\" data-spacefinder-role=\"inline\" data-spacefinder-type=\"model.dotcomrendering.pageElements.RichLinkBlockElement\" class=\" dcr-173mewl\"><gu-island name=\"RichLinkComponent\" deferuntil=\"idle\" props=\"{&quot;richLinkIndex&quot;:6,&quot;element&quot;:{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.RichLinkBlockElement&quot;,&quot;url&quot;:&quot;https:\/\/www.theguardian.com\/business\/2023\/feb\/13\/us-liberty-global-buys-stake-in-vodafone-after-tumultuous-year&quot;,&quot;text&quot;:&quot;US firm Liberty Global buys stake in Vodafone after tumultuous year&quot;,&quot;prefix&quot;:&quot;Related: &quot;,&quot;role&quot;:&quot;inline&quot;,&quot;elementId&quot;:&quot;75c4b650-0da4-4075-b00b-9387b03bc7c8&quot;},&quot;ajaxUrl&quot;:&quot;https:\/\/api.nextgen.guardianapps.co.uk&quot;,&quot;format&quot;:{&quot;display&quot;:0,&quot;theme&quot;:0,&quot;design&quot;:10}}\"\/><\/figure>\n<p class=\"dcr-h26idz\">The FTSE 100 has also started the week on a very positive note, says <strong>Sophie<\/strong> <strong>Lund-Yates<\/strong>, lead equity analyst at <strong>Hargreaves Lansdown<\/strong>:<\/p>\n<blockquote class=\"dcr-1vwjs1l\">\n<p><svg viewbox=\"4 4 24 16\" class=\"css-cumn2r\"><path d=\"M9.2776 8H14.0473C13.4732 12.5489 12.9653 17.0095 12.7445 22H4C4.79495 17.142 6.4511 12.5489 9.2776 8ZM20.3852 8H25.0887C24.5808 12.5489 24.0067 17.0095 23.7859 22H15.0635C15.9688 17.142 17.5587 12.5489 20.3852 8Z\"\/><\/svg>There is a great deal of attention going on US and UK inflation data this week, with hopes that the Federal Reserve is going to stick to the hymn sheet when it comes to the expected 25 basis point increase in interest rates expected in March.<\/p>\n<\/blockquote>\n<p class=\"dcr-h26idz\">She warns, though, that the UK\u2019s market mood can change \u201con a dime\u201d:<\/p>\n<blockquote class=\"dcr-1vwjs1l\">\n<p><svg viewbox=\"4 4 24 16\" class=\"css-cumn2r\"><path d=\"M9.2776 8H14.0473C13.4732 12.5489 12.9653 17.0095 12.7445 22H4C4.79495 17.142 6.4511 12.5489 9.2776 8ZM20.3852 8H25.0887C24.5808 12.5489 24.0067 17.0095 23.7859 22H15.0635C15.9688 17.142 17.5587 12.5489 20.3852 8Z\"\/><\/svg>Although the economy\u2019s holding up well for now, there are still question marks hanging over corporate margins and consumer spending power, which the forward-looking FTSE may not have correctly priced in.<\/p>\n<\/blockquote>\n<footer class=\"dcr-3i7iba\">\n<p><time datetime=\"2023-02-14T08:25:38.000Z\" title=\"Last updated Tuesday, 14 February 2023, 08:25 Coordinated Universal Time\">Updated at 08.25\u00a0GMT<\/time><\/p>\n<\/footer>\n<\/article>\n<article id=\"block-63eb43bd8f08393915cbe659\" class=\"block dcr-1r02hz5\">\n<header class=\"dcr-88va8u\"\/>\n<p class=\"dcr-h26idz\">UK real wages should start rising in the second half of this year, predicts <strong>Simon<\/strong> <strong>French<\/strong>, chief economist at <strong>Panmure<\/strong> <strong>Gordon<\/strong>, as inflation falls.<\/p>\n<figure id=\"b8f4daeb-d855-46ee-9227-ffa9a4bc8693\" data-spacefinder-role=\"inline\" data-spacefinder-type=\"model.dotcomrendering.pageElements.TweetBlockElement\" class=\" dcr-173mewl\"><gu-island name=\"TweetBlockComponent\" deferuntil=\"visible\" props=\"{&quot;element&quot;:{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TweetBlockElement&quot;,&quot;html&quot;:&quot;&lt;blockquote class=\\&quot;nojs-tweet\\&quot;&gt;&lt;p lang=\\&quot;en\\&quot; dir=\\&quot;ltr\\&quot;&gt;Tentative signs that the trend of early retirement - through ill health or choice - may be on the turn in the UK labour market. Those aged 50-64 declaring themselves inactive showing signs of having peaked (albeit still +8.5% from Q1 2020) &lt;a href=\\&quot;https:\/\/t.co\/YenNf3rpMh\\&quot;&gt;pic.twitter.com\/YenNf3rpMh&lt;\/a&gt;&lt;\/p&gt;&amp;mdash; Simon French (@shjfrench) &lt;a href=\\&quot;https:\/\/twitter.com\/shjfrench\/status\/1625408214375309314?ref_src=twsrc%5Etfw\\&quot;&gt;February 14, 2023&lt;\/a&gt;&lt;\/blockquote&gt;\\n&quot;,&quot;url&quot;:&quot;https:\/\/twitter.com\/shjfrench\/status\/1625408214375309314&quot;,&quot;id&quot;:&quot;1625408214375309314&quot;,&quot;hasMedia&quot;:false,&quot;role&quot;:&quot;inline&quot;,&quot;isThirdPartyTracking&quot;:false,&quot;source&quot;:&quot;Twitter&quot;,&quot;elementId&quot;:&quot;b8f4daeb-d855-46ee-9227-ffa9a4bc8693&quot;}}\"><\/p>\n<div id=\"tweet-container-b8f4daeb-d855-46ee-9227-ffa9a4bc8693\" class=\"dcr-kuntzf\">\n<blockquote class=\"nojs-tweet\">\n<p lang=\"en\" dir=\"ltr\">Tentative signs that the trend of early retirement &#8211; through ill health or choice &#8211; may be on the turn in the UK labour market. Those aged 50-64 declaring themselves inactive showing signs of having peaked (albeit still +8.5% from Q1 2020) <a href=\"https:\/\/t.co\/YenNf3rpMh\">pic.twitter.com\/YenNf3rpMh<\/a><\/p>\n<p>\u2014 Simon French (@shjfrench) <a href=\"https:\/\/twitter.com\/shjfrench\/status\/1625408214375309314?ref_src=twsrc%5Etfw\">February 14, 2023<\/a><\/p><\/blockquote>\n<\/div>\n<p><\/gu-island><\/figure>\n<figure id=\"1998e4d7-117f-4a70-bcb1-c62996f0cda8\" data-spacefinder-role=\"inline\" data-spacefinder-type=\"model.dotcomrendering.pageElements.TweetBlockElement\" class=\" dcr-173mewl\"><gu-island name=\"TweetBlockComponent\" deferuntil=\"visible\" props=\"{&quot;element&quot;:{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TweetBlockElement&quot;,&quot;html&quot;:&quot;&lt;blockquote class=\\&quot;nojs-tweet\\&quot; data-conversation=\\&quot;none\\&quot;&gt;&lt;p lang=\\&quot;en\\&quot; dir=\\&quot;ltr\\&quot;&gt;Also employment amongst those aged 50+, which hit a clear structural break during the pandemic, also now showing signs of ticking higher. Albeit latent capacity is still v considerable with employment in this age group around 900,000 lower than the pre-CV19 trend &lt;a href=\\&quot;https:\/\/t.co\/ymtRJthWGW\\&quot;&gt;pic.twitter.com\/ymtRJthWGW&lt;\/a&gt;&lt;\/p&gt;&amp;mdash; Simon French (@shjfrench) &lt;a href=\\&quot;https:\/\/twitter.com\/shjfrench\/status\/1625408216942125057?ref_src=twsrc%5Etfw\\&quot;&gt;February 14, 2023&lt;\/a&gt;&lt;\/blockquote&gt;\\n&quot;,&quot;url&quot;:&quot;https:\/\/twitter.com\/shjfrench\/status\/1625408216942125057&quot;,&quot;id&quot;:&quot;1625408216942125057&quot;,&quot;hasMedia&quot;:false,&quot;role&quot;:&quot;inline&quot;,&quot;isThirdPartyTracking&quot;:false,&quot;source&quot;:&quot;Twitter&quot;,&quot;elementId&quot;:&quot;1998e4d7-117f-4a70-bcb1-c62996f0cda8&quot;}}\"><\/p>\n<div id=\"tweet-container-1998e4d7-117f-4a70-bcb1-c62996f0cda8\" class=\"dcr-kuntzf\">\n<blockquote class=\"nojs-tweet\" data-conversation=\"none\">\n<p lang=\"en\" dir=\"ltr\">Also employment amongst those aged 50+, which hit a clear structural break during the pandemic, also now showing signs of ticking higher. Albeit latent capacity is still v considerable with employment in this age group around 900,000 lower than the pre-CV19 trend <a href=\"https:\/\/t.co\/ymtRJthWGW\">pic.twitter.com\/ymtRJthWGW<\/a><\/p>\n<p>\u2014 Simon French (@shjfrench) <a href=\"https:\/\/twitter.com\/shjfrench\/status\/1625408216942125057?ref_src=twsrc%5Etfw\">February 14, 2023<\/a><\/p><\/blockquote>\n<\/div>\n<p><\/gu-island><\/figure>\n<figure id=\"bbfd8813-fd3b-469e-8ba4-ceba9c74363b\" data-spacefinder-role=\"inline\" data-spacefinder-type=\"model.dotcomrendering.pageElements.TweetBlockElement\" class=\" dcr-173mewl\"><gu-island name=\"TweetBlockComponent\" deferuntil=\"visible\" props=\"{&quot;element&quot;:{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TweetBlockElement&quot;,&quot;html&quot;:&quot;&lt;blockquote class=\\&quot;nojs-tweet\\&quot; data-conversation=\\&quot;none\\&quot;&gt;&lt;p lang=\\&quot;en\\&quot; dir=\\&quot;ltr\\&quot;&gt;Overall a reasonable UK jobs report with payrolls up 102,000 in January (which tallies neatly with US NFP at 500,000 - given UK labour market about one fifth the size). Real pay declines should give way to real pay growth by H2 as headline inflation falls away fast from July.&lt;\/p&gt;&amp;mdash; Simon French (@shjfrench) &lt;a href=\\&quot;https:\/\/twitter.com\/shjfrench\/status\/1625408220821876737?ref_src=twsrc%5Etfw\\&quot;&gt;February 14, 2023&lt;\/a&gt;&lt;\/blockquote&gt;\\n&quot;,&quot;url&quot;:&quot;https:\/\/twitter.com\/shjfrench\/status\/1625408220821876737&quot;,&quot;id&quot;:&quot;1625408220821876737&quot;,&quot;hasMedia&quot;:false,&quot;role&quot;:&quot;inline&quot;,&quot;isThirdPartyTracking&quot;:false,&quot;source&quot;:&quot;Twitter&quot;,&quot;elementId&quot;:&quot;bbfd8813-fd3b-469e-8ba4-ceba9c74363b&quot;}}\"><\/p>\n<div id=\"tweet-container-bbfd8813-fd3b-469e-8ba4-ceba9c74363b\" class=\"dcr-kuntzf\">\n<blockquote class=\"nojs-tweet\" data-conversation=\"none\">\n<p lang=\"en\" dir=\"ltr\">Overall a reasonable UK jobs report with payrolls up 102,000 in January (which tallies neatly with US NFP at 500,000 &#8211; given UK labour market about one fifth the size). Real pay declines should give way to real pay growth by H2 as headline inflation falls away fast from July.<\/p>\n<p>\u2014 Simon French (@shjfrench) <a href=\"https:\/\/twitter.com\/shjfrench\/status\/1625408220821876737?ref_src=twsrc%5Etfw\">February 14, 2023<\/a><\/p><\/blockquote>\n<\/div>\n<p><\/gu-island><\/figure>\n<footer class=\"dcr-3i7iba\"\/><\/article>\n<article id=\"block-63eb40c18f08be25c15464bc\" class=\"block dcr-1r02hz5\">\n<header class=\"dcr-88va8u\">\n<h2 class=\"dcr-e6uddv\">Full story: Nearly a million days lost to strikes in December in UK<\/h2>\n<div class=\"dcr-dzkvsd\">\n<div class=\"dcr-uae6pk\"><img decoding=\"async\" src=\"https:\/\/www.businesstelegraph.co.uk\/wp-content\/uploads\/2023\/02\/FTSE-100-hits-record-high-UK-strike-disruption-highest-since.png\" alt=\"Richard Partington\" class=\"dcr-1gn8rvs\"\/><\/div>\n<p><span class=\"dcr-17bj29p\">Richard Partington<\/span><\/div>\n<\/header>\n<p class=\"dcr-h26idz\"><strong>Almost a million working days were lost to strikes in December as real-terms pay growth last year dropped at among the fastest rates for more than 20 years, <\/strong><em><strong>my colleague Richard Partington reports.<\/strong><\/em><\/p>\n<p class=\"dcr-h26idz\">The figures from the <a href=\"https:\/\/www.ons.gov.uk\/employmentandlabourmarket\/peopleinwork\/employmentandemployeetypes\/bulletins\/uklabourmarket\/february2023\" data-link-name=\"in body link\">Office for National Statistics<\/a> add to the squeeze on households amid the cost of living crisis.<\/p>\n<p class=\"dcr-h26idz\">It said 843,000 working days were lost in December, the highest monthly figure for more than a decade, amid rolling strikes involving NHS, rail and Post Office workers, and elsewhere across the economy.<\/p>\n<p class=\"dcr-h26idz\">ONS figures also showed that real-terms pay, excluding bonuses, fell by 3.6% in the three months to December, among the largest falls since comparable records began in 2001.<\/p>\n<p class=\"dcr-h26idz\">Here\u2019s the full story:<\/p>\n<figure id=\"58ad0d5e-4830-4206-aeb7-6cabeaa71be8\" data-spacefinder-role=\"inline\" data-spacefinder-type=\"model.dotcomrendering.pageElements.RichLinkBlockElement\" class=\" dcr-173mewl\"><gu-island name=\"RichLinkComponent\" deferuntil=\"idle\" props=\"{&quot;richLinkIndex&quot;:5,&quot;element&quot;:{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.RichLinkBlockElement&quot;,&quot;url&quot;:&quot;https:\/\/www.theguardian.com\/uk-news\/2023\/feb\/14\/nearly-million-days-lost-strikes-december-uk-pay-growth&quot;,&quot;text&quot;:&quot;Nearly a million days lost to strikes in December in UK&quot;,&quot;prefix&quot;:&quot;Related: &quot;,&quot;role&quot;:&quot;inline&quot;,&quot;elementId&quot;:&quot;58ad0d5e-4830-4206-aeb7-6cabeaa71be8&quot;},&quot;ajaxUrl&quot;:&quot;https:\/\/api.nextgen.guardianapps.co.uk&quot;,&quot;format&quot;:{&quot;display&quot;:0,&quot;theme&quot;:0,&quot;design&quot;:10}}\"\/><\/figure>\n<footer class=\"dcr-3i7iba\"\/><\/article>\n<article id=\"block-63eb3f3a8f08be25c15464b7\" class=\"block dcr-1r02hz5\">\n<header class=\"dcr-88va8u\">\n<h2 class=\"dcr-e6uddv\">Political reaction<\/h2>\n<\/header>\n<p class=\"dcr-h26idz\"><strong>Guy Opperman MP, <\/strong>minister for employment, is cheered by the rise in employment in the last quarter:<\/p>\n<blockquote class=\"dcr-1vwjs1l\">\n<p><svg viewbox=\"4 4 24 16\" class=\"css-cumn2r\"><path d=\"M9.2776 8H14.0473C13.4732 12.5489 12.9653 17.0095 12.7445 22H4C4.79495 17.142 6.4511 12.5489 9.2776 8ZM20.3852 8H25.0887C24.5808 12.5489 24.0067 17.0095 23.7859 22H15.0635C15.9688 17.142 17.5587 12.5489 20.3852 8Z\"\/><\/svg>It\u2019s encouraging to see that more people are moving into work, as we know that being in employment is the best way to deliver financial security, skills and confidence.<\/p>\n<p>We\u2019ve also made huge progress for everyone looking to boost their earnings or land a new role, with the employment rate increasing and more people joining payrolls.<\/p>\n<p>Growing the economy is one of our top five priorities which will deliver more high quality jobs, boosting everyone\u2019s prospects and prosperity.<\/p>\n<\/blockquote>\n<p class=\"dcr-h26idz\">But <strong>Rachel Reeves MP, Labour\u2019s shadow chancellor, <\/strong>is concerned that wages continued to lag inflation. She says:<\/p>\n<blockquote class=\"dcr-1vwjs1l\">\n<p><svg viewbox=\"4 4 24 16\" class=\"css-cumn2r\"><path d=\"M9.2776 8H14.0473C13.4732 12.5489 12.9653 17.0095 12.7445 22H4C4.79495 17.142 6.4511 12.5489 9.2776 8ZM20.3852 8H25.0887C24.5808 12.5489 24.0067 17.0095 23.7859 22H15.0635C15.9688 17.142 17.5587 12.5489 20.3852 8Z\"\/><\/svg>Britain has huge potential \u2013 but 13 years of the Tories has left real wages down, families worse off, and our economy lagging behind on the global stage.<\/p>\n<p>The government needs to stop sitting back and following this path of managed decline.<\/p>\n<p>Labour will get people back into work, with our real plan for growth to create good, new jobs across every part of our country.<\/p>\n<\/blockquote>\n<footer class=\"dcr-3i7iba\">\n<p><time datetime=\"2023-02-14T09:07:14.000Z\" title=\"Last updated Tuesday, 14 February 2023, 09:07 Coordinated Universal Time\">Updated at 09.07\u00a0GMT<\/time><\/p>\n<\/footer>\n<\/article>\n<article id=\"block-63eb3eb98f082572e3bba4af\" class=\"block dcr-1r02hz5\">\n<header class=\"dcr-88va8u\">\n<h2 class=\"dcr-e6uddv\">15 &#8216;terrible years&#8217; of wage growth<\/h2>\n<\/header>\n<p class=\"dcr-h26idz\">UK workers have now suffered 15 miserable years of real wages, says <strong>Stephen Evans<\/strong>, chief executive at<strong> Learning and Work Institute:<\/strong><\/p>\n<blockquote class=\"dcr-1vwjs1l\">\n<p><svg viewbox=\"4 4 24 16\" class=\"css-cumn2r\"><path d=\"M9.2776 8H14.0473C13.4732 12.5489 12.9653 17.0095 12.7445 22H4C4.79495 17.142 6.4511 12.5489 9.2776 8ZM20.3852 8H25.0887C24.5808 12.5489 24.0067 17.0095 23.7859 22H15.0635C15.9688 17.142 17.5587 12.5489 20.3852 8Z\"\/><\/svg>Real earnings are falling at their fastest rates since the financial crisis due to high inflation, leaving them no higher now than before the pandemic. A miserable 15 years for real wage growth means people would be earning \u00a311,000 a year more on average if pre-financial crisis trends had continued. So as well as bringing inflation under control, we urgently need a growth plan for our economy.<\/p>\n<\/blockquote>\n<p class=\"dcr-h26idz\">Evans adds that the fall in economic inactivity at the end of 2022 is welcome\u2026 but was driven more by a reduction in young people studying than older people returning to the labour market.<\/p>\n<p class=\"dcr-h26idz\">He adds:<\/p>\n<blockquote class=\"dcr-1vwjs1l\">\n<p><svg viewbox=\"4 4 24 16\" class=\"css-cumn2r\"><path d=\"M9.2776 8H14.0473C13.4732 12.5489 12.9653 17.0095 12.7445 22H4C4.79495 17.142 6.4511 12.5489 9.2776 8ZM20.3852 8H25.0887C24.5808 12.5489 24.0067 17.0095 23.7859 22H15.0635C15.9688 17.142 17.5587 12.5489 20.3852 8Z\"\/><\/svg>Economic inactivity is still 500,000 higher than pre-pandemic, and almost 2.5 million people are out of the labour market due to long-term sickness. Only one in ten out-of-work older people and disabled people get help to find work each year, the Chancellor must change that in next month\u2019s spring budget.<\/p>\n<\/blockquote>\n<figure id=\"5a0fb02d-f8dc-4502-a130-43290c269036\" data-spacefinder-role=\"inline\" data-spacefinder-type=\"model.dotcomrendering.pageElements.TweetBlockElement\" class=\" dcr-173mewl\"><gu-island name=\"TweetBlockComponent\" deferuntil=\"visible\" props=\"{&quot;element&quot;:{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TweetBlockElement&quot;,&quot;html&quot;:&quot;&lt;blockquote class=\\&quot;nojs-tweet\\&quot;&gt;&lt;p lang=\\&quot;en\\&quot; dir=\\&quot;ltr\\&quot;&gt;1. New labour market stats continue to show sharp drops in real earnings due to high inflation. Meanwhile a welcome drop in economic inactivity is more down to fewer young people studying than more older people returning to the jobs market. Thread to follow. &lt;a href=\\&quot;https:\/\/t.co\/bKN3H2unhh\\&quot;&gt;pic.twitter.com\/bKN3H2unhh&lt;\/a&gt;&lt;\/p&gt;&amp;mdash; Stephen Evans (@Stephen_EvansUK) &lt;a href=\\&quot;https:\/\/twitter.com\/Stephen_EvansUK\/status\/1625401808590864385?ref_src=twsrc%5Etfw\\&quot;&gt;February 14, 2023&lt;\/a&gt;&lt;\/blockquote&gt;\\n&quot;,&quot;url&quot;:&quot;https:\/\/twitter.com\/Stephen_EvansUK\/status\/1625401808590864385&quot;,&quot;id&quot;:&quot;1625401808590864385&quot;,&quot;hasMedia&quot;:false,&quot;role&quot;:&quot;inline&quot;,&quot;isThirdPartyTracking&quot;:false,&quot;source&quot;:&quot;Twitter&quot;,&quot;elementId&quot;:&quot;5a0fb02d-f8dc-4502-a130-43290c269036&quot;}}\"><\/p>\n<div id=\"tweet-container-5a0fb02d-f8dc-4502-a130-43290c269036\" class=\"dcr-kuntzf\">\n<blockquote class=\"nojs-tweet\">\n<p lang=\"en\" dir=\"ltr\">1. New labour market stats continue to show sharp drops in real earnings due to high inflation. Meanwhile a welcome drop in economic inactivity is more down to fewer young people studying than more older people returning to the jobs market. Thread to follow. <a href=\"https:\/\/t.co\/bKN3H2unhh\">pic.twitter.com\/bKN3H2unhh<\/a><\/p>\n<p>\u2014 Stephen Evans (@Stephen_EvansUK) <a href=\"https:\/\/twitter.com\/Stephen_EvansUK\/status\/1625401808590864385?ref_src=twsrc%5Etfw\">February 14, 2023<\/a><\/p><\/blockquote>\n<\/div>\n<p><\/gu-island><\/figure>\n<figure id=\"e6417d1d-58e7-412c-9937-74f48ac1bc7c\" data-spacefinder-role=\"inline\" data-spacefinder-type=\"model.dotcomrendering.pageElements.TweetBlockElement\" class=\" dcr-173mewl\"><gu-island name=\"TweetBlockComponent\" deferuntil=\"visible\" props=\"{&quot;element&quot;:{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TweetBlockElement&quot;,&quot;html&quot;:&quot;&lt;blockquote class=\\&quot;nojs-tweet\\&quot; data-conversation=\\&quot;none\\&quot;&gt;&lt;p lang=\\&quot;en\\&quot; dir=\\&quot;ltr\\&quot;&gt;2. Real earnings fell 3.1% in last 3 months, sharpest falls since financial crisis. High inflation has wiped out all gains since start of pandemic. After 15 terrible years for wage growth, on average we&amp;#39;d each have \u00a311k more a year if pre-crisis trends had continued. \u00a311k! &lt;a href=\\&quot;https:\/\/t.co\/jRcE2KaT2D\\&quot;&gt;pic.twitter.com\/jRcE2KaT2D&lt;\/a&gt;&lt;\/p&gt;&amp;mdash; Stephen Evans (@Stephen_EvansUK) &lt;a href=\\&quot;https:\/\/twitter.com\/Stephen_EvansUK\/status\/1625403253847470080?ref_src=twsrc%5Etfw\\&quot;&gt;February 14, 2023&lt;\/a&gt;&lt;\/blockquote&gt;\\n&quot;,&quot;url&quot;:&quot;https:\/\/twitter.com\/Stephen_EvansUK\/status\/1625403253847470080&quot;,&quot;id&quot;:&quot;1625403253847470080&quot;,&quot;hasMedia&quot;:false,&quot;role&quot;:&quot;inline&quot;,&quot;isThirdPartyTracking&quot;:false,&quot;source&quot;:&quot;Twitter&quot;,&quot;elementId&quot;:&quot;e6417d1d-58e7-412c-9937-74f48ac1bc7c&quot;}}\"><\/p>\n<div id=\"tweet-container-e6417d1d-58e7-412c-9937-74f48ac1bc7c\" class=\"dcr-kuntzf\">\n<blockquote class=\"nojs-tweet\" data-conversation=\"none\">\n<p lang=\"en\" dir=\"ltr\">2. Real earnings fell 3.1% in last 3 months, sharpest falls since financial crisis. High inflation has wiped out all gains since start of pandemic. After 15 terrible years for wage growth, on average we&#8217;d each have \u00a311k more a year if pre-crisis trends had continued. \u00a311k! <a href=\"https:\/\/t.co\/jRcE2KaT2D\">pic.twitter.com\/jRcE2KaT2D<\/a><\/p>\n<p>\u2014 Stephen Evans (@Stephen_EvansUK) <a href=\"https:\/\/twitter.com\/Stephen_EvansUK\/status\/1625403253847470080?ref_src=twsrc%5Etfw\">February 14, 2023<\/a><\/p><\/blockquote>\n<\/div>\n<p><\/gu-island><\/figure>\n<footer class=\"dcr-3i7iba\">\n<p><time datetime=\"2023-02-14T09:08:01.000Z\" title=\"Last updated Tuesday, 14 February 2023, 09:08 Coordinated Universal Time\">Updated at 09.08\u00a0GMT<\/time><\/p>\n<\/footer>\n<\/article>\n<article id=\"block-63eb41978f08393915cbe649\" class=\"block dcr-1r02hz5\">\n<header class=\"dcr-88va8u\"\/>\n<p class=\"dcr-h26idz\"><strong>The number of people on payrolls continued to rise at the start of this year.<\/strong><\/p>\n<p class=\"dcr-h26idz\">Payrolled employees rose by 102,000 in January, the ONS estimates. That meant that 768,000 more people were on payrolls than in January 2022.<\/p>\n<p class=\"dcr-h26idz\">Since the early days of the pandemic, in February 2020, the number of payrolled employees was up by 3.5% or 1,028,000.<\/p>\n<footer class=\"dcr-3i7iba\"\/><\/article>\n<article id=\"block-63eb3f778f08393915cbe63b\" class=\"block dcr-1r02hz5\">\n<header class=\"dcr-88va8u\"\/>\n<p class=\"dcr-h26idz\"><strong>There was an increase in people in work, and out of work, in the UK in the last quarter of the year.<\/strong><\/p>\n<p class=\"dcr-h26idz\">The number of people in employment rose by 74,000 in the October-December quarter, to 32.8m. This lifted the employment rate to 75.6%<\/p>\n<p class=\"dcr-h26idz\">But the number of people out of work rose too, by 45,000 to 1.27m.<\/p>\n<footer class=\"dcr-3i7iba\"\/><\/article>\n<article id=\"block-63eb3ed88f082572e3bba4b0\" class=\"block dcr-1r02hz5\">\n<header class=\"dcr-88va8u\">\n<h2 class=\"dcr-e6uddv\">ONS: Sharp rise in days lost to strikes<\/h2>\n<\/header>\n<p class=\"dcr-h26idz\">Here\u2019s <strong>Darren<\/strong> <strong>Morgan<\/strong>, director of economic statistics at the <strong>Office for National Statistics<\/strong> (ONS), with the key points from today\u2019s UK jobs report:<\/p>\n<blockquote class=\"dcr-1vwjs1l\">\n<p><svg viewbox=\"4 4 24 16\" class=\"css-cumn2r\"><path d=\"M9.2776 8H14.0473C13.4732 12.5489 12.9653 17.0095 12.7445 22H4C4.79495 17.142 6.4511 12.5489 9.2776 8ZM20.3852 8H25.0887C24.5808 12.5489 24.0067 17.0095 23.7859 22H15.0635C15.9688 17.142 17.5587 12.5489 20.3852 8Z\"\/><\/svg>The last quarter of 2022 saw fewer people remaining outside the labour market altogether, with some moving straight back into a job and others starting to seek work again.<\/p>\n<p>This meant that although employment rose again, unemployment edged up also.<\/p>\n<p>Although there is still a large gap between earnings growth in the public and private sectors, this narrowed slightly in the latest period.<\/p>\n<p>Overall pay, though, continues to be outstripped by rising prices.<\/p>\n<p>Though still at historically very high levels, job vacancies have dropped again, with a particularly sharp fall from the smallest employers.<\/p>\n<p>The number of working days lost to strikes rose again sharply in December.<\/p>\n<p>Transport and communications remained the most heavily affected area, but this month there was also a large contribution from the health sector.<\/p>\n<\/blockquote>\n<footer class=\"dcr-3i7iba\">\n<p><time datetime=\"2023-02-14T09:07:35.000Z\" title=\"Last updated Tuesday, 14 February 2023, 09:07 Coordinated Universal Time\">Updated at 09.07\u00a0GMT<\/time><\/p>\n<\/footer>\n<\/article>\n<article id=\"block-63eb39aa8f08be25c15464a2\" class=\"block dcr-1r02hz5\">\n<header class=\"dcr-88va8u\">\n<h2 class=\"dcr-e6uddv\">UK vacancies fall<\/h2>\n<\/header>\n<p class=\"dcr-h26idz\"><strong>The number of vacancies across the UK has fallen, as companies hold back their hiring plans as the economy slows.<\/strong><\/p>\n<p class=\"dcr-h26idz\">There were 1.134m vacancies in the November-January quarter, the Office for National Statistics reports. That\u2019s a decrease of 76,000 from August to October 2022 \u2013 the seventh quarterly decline in a row.<\/p>\n<p class=\"dcr-h26idz\">Vacancies fell at 16 out of 18 industry sectors during the quarter, and were 135,000 lower than a year ago.<\/p>\n<figure id=\"75724854-a1b2-4f08-8aaa-a499968f4c19\" data-spacefinder-role=\"inline\" data-spacefinder-type=\"model.dotcomrendering.pageElements.ImageBlockElement\" class=\" dcr-173mewl\">\n<div class=\"dcr-1t8m8f2\"><picture class=\"dcr-evn1e9\"><source  media=\"(min-width: 660px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 660px) and (min-resolution: 120dpi)\"\/><source  media=\"(min-width: 660px)\"\/><source  media=\"(min-width: 320px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 320px) and (min-resolution: 120dpi)\"\/><source  media=\"(min-width: 320px)\"\/><img decoding=\"async\" alt=\"UK vacancies\" src=\"https:\/\/www.businesstelegraph.co.uk\/wp-content\/uploads\/2023\/02\/FTSE-100-hits-record-high-UK-strike-disruption-highest-since.jpg\" width=\"465\" height=\"352.9017857142857\" loading=\"lazy\" class=\"dcr-evn1e9\"\/><\/picture><\/div><figcaption class=\"dcr-1d1r6yi\"><span class=\"dcr-17eagbs\"><svg width=\"18\" height=\"13\" viewbox=\"0 0 18 13\"><path d=\"M18 3.5v8l-1.5 1.5h-15l-1.5-1.5v-8l1.5-1.5h3.5l2-2h4l2 2h3.5l1.5 1.5zm-9 7.5c1.9 0 3.5-1.6 3.5-3.5s-1.6-3.5-3.5-3.5-3.5 1.6-3.5 3.5 1.6 3.5 3.5 3.5z\"\/><\/svg><\/span> Photograph: ONS<\/figcaption><\/figure>\n<footer class=\"dcr-3i7iba\"\/><\/article>\n<article id=\"block-63eb39568f08393915cbe625\" class=\"block dcr-1r02hz5\">\n<header class=\"dcr-88va8u\"\/>\n<p class=\"dcr-h26idz\"><strong>Overall, the number of working days lost to strike action in the UK in 2022 was the highest since 1989, Sky News has calculated.<\/strong><\/p>\n<p class=\"dcr-h26idz\"><a href=\"https:\/\/news.sky.com\/story\/number-of-days-lost-to-strike-action-in-2022-highest-since-1989-12810216\" data-link-name=\"in body link\">They say<\/a>:<\/p>\n<blockquote class=\"dcr-1vwjs1l\">\n<p><svg viewbox=\"4 4 24 16\" class=\"css-cumn2r\"><path d=\"M9.2776 8H14.0473C13.4732 12.5489 12.9653 17.0095 12.7445 22H4C4.79495 17.142 6.4511 12.5489 9.2776 8ZM20.3852 8H25.0887C24.5808 12.5489 24.0067 17.0095 23.7859 22H15.0635C15.9688 17.142 17.5587 12.5489 20.3852 8Z\"\/><\/svg>The number of working days lost to strike action totalled 843,000 in December, bringing the total number of strike days from June to December 2022 to 2,471,000, the highest since 1989, official figures show.<\/p>\n<p>There were 4,129,000 days lost to strike action in 1989 due to industrial action by rail workers and coal miners, the Office for National Statistics said.<\/p>\n<p>The loss in days due to labour disputes in December month is the highest since November 2011 due to public sector pension strikes. That month saw 997,000 working days lost to strikes.<\/p>\n<\/blockquote>\n<figure id=\"37154d45-1e00-4476-9ffd-e075e1df38aa\" data-spacefinder-role=\"inline\" data-spacefinder-type=\"model.dotcomrendering.pageElements.TweetBlockElement\" class=\" dcr-173mewl\"><gu-island name=\"TweetBlockComponent\" deferuntil=\"visible\" props=\"{&quot;element&quot;:{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TweetBlockElement&quot;,&quot;html&quot;:&quot;&lt;blockquote class=\\&quot;nojs-tweet\\&quot;&gt;&lt;p lang=\\&quot;en\\&quot; dir=\\&quot;ltr\\&quot;&gt;Number of days lost to strike action in June-Dec 2022 highest since 1989. &lt;a href=\\&quot;https:\/\/t.co\/EOYu9fRXMW\\&quot;&gt;https:\/\/t.co\/EOYu9fRXMW&lt;\/a&gt;&lt;\/p&gt;&amp;mdash; Brian Groom (@GroomB) &lt;a href=\\&quot;https:\/\/twitter.com\/GroomB\/status\/1625397216448741376?ref_src=twsrc%5Etfw\\&quot;&gt;February 14, 2023&lt;\/a&gt;&lt;\/blockquote&gt;\\n&quot;,&quot;url&quot;:&quot;https:\/\/twitter.com\/GroomB\/status\/1625397216448741376&quot;,&quot;id&quot;:&quot;1625397216448741376&quot;,&quot;hasMedia&quot;:false,&quot;role&quot;:&quot;inline&quot;,&quot;isThirdPartyTracking&quot;:false,&quot;source&quot;:&quot;Twitter&quot;,&quot;elementId&quot;:&quot;37154d45-1e00-4476-9ffd-e075e1df38aa&quot;}}\"\/><\/figure>\n<footer class=\"dcr-3i7iba\"\/><\/article>\n<article id=\"block-63eb3a098f082572e3bba4a2\" class=\"block dcr-1r02hz5\">\n<header class=\"dcr-88va8u\"\/>\n<p class=\"dcr-h26idz\"><strong>More people returned to the labour market in the final quarter of last year, which may help the UK\u2019s worker shortage.<\/strong><\/p>\n<p class=\"dcr-h26idz\">Today\u2019s labour market report shows that the UK\u2019s economic inactivity rate dropped to 21.4%, 0.3 percentage points lower than the previous three-month period. That means that more people were either working or looking for work.<\/p>\n<p class=\"dcr-h26idz\">But it\u2019s still 1.2 percentage points higher than before the pandemic.<\/p>\n<p class=\"dcr-h26idz\"><strong>Jack Kennedy, <\/strong>UK economist at jobs site <strong>Indeed<\/strong>, explains:<\/p>\n<blockquote class=\"dcr-1vwjs1l\">\n<p><svg viewbox=\"4 4 24 16\" class=\"css-cumn2r\"><path d=\"M9.2776 8H14.0473C13.4732 12.5489 12.9653 17.0095 12.7445 22H4C4.79495 17.142 6.4511 12.5489 9.2776 8ZM20.3852 8H25.0887C24.5808 12.5489 24.0067 17.0095 23.7859 22H15.0635C15.9688 17.142 17.5587 12.5489 20.3852 8Z\"\/><\/svg>There was a record-high net flow out of economic inactivity in the latest quarter, driven by more students, retired and long-term sick moving into employment.<\/p>\n<p>There remains a long way to go and overall inactivity remains high but, if sustained, these trends could help ease staffing gaps still faced by many employers despite the economic uncertainty.\u201d<\/p>\n<\/blockquote>\n<footer class=\"dcr-3i7iba\"\/><\/article>\n<article id=\"block-63eb30a38f08393915cbe5f1\" class=\"block dcr-1r02hz5\">\n<header class=\"dcr-88va8u\">\n<h2 class=\"dcr-e6uddv\">Introduction: 843,000 working days lost to strikes in December<\/h2>\n<\/header>\n<p class=\"dcr-h26idz\"><strong>Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy.<\/strong><\/p>\n<p class=\"dcr-h26idz\">The wave of UK strike action at the end of last year was the most disruptive in over a decade, the latest employment data shows.<\/p>\n<p class=\"dcr-h26idz\">The Office for National Statistics has reported this morning that 843,000 working days were lost because of labour disputes in December 2022, the highest for any month since since November 2011.<\/p>\n<p class=\"dcr-h26idz\">Key services across the UK were hit by industrial action during December, as workers pushed for pay rises that kept up with UK inflation. <a href=\"https:\/\/www.theguardian.com\/uk-news\/live\/2022\/dec\/26\/boxing-day-strike-travel-chaos-rail-railway-border-force-industrisal-action\" data-link-name=\"in body link\">Railway workers<\/a>, Royal Mail staff, border force staff and <a href=\"https:\/\/www.theguardian.com\/uk-news\/2022\/dec\/20\/nurses-action-part-of-biggest-wave-strikes-generation-uk\" data-link-name=\"in body link\">nurses <\/a>were among those taking strike action.<\/p>\n<figure id=\"49ab5e3d-3533-4e5f-90fc-9fd838186983\" data-spacefinder-role=\"inline\" data-spacefinder-type=\"model.dotcomrendering.pageElements.RichLinkBlockElement\" class=\" dcr-173mewl\"><gu-island name=\"RichLinkComponent\" deferuntil=\"idle\" props=\"{&quot;richLinkIndex&quot;:4,&quot;element&quot;:{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.RichLinkBlockElement&quot;,&quot;url&quot;:&quot;https:\/\/www.theguardian.com\/uk-news\/2022\/dec\/04\/december-of-discontent-will-strikers-or-government-and-management-take-the-blame&quot;,&quot;text&quot;:&quot;December of discontent: will strikers or government and management take the blame?&quot;,&quot;prefix&quot;:&quot;Related: &quot;,&quot;role&quot;:&quot;inline&quot;,&quot;elementId&quot;:&quot;49ab5e3d-3533-4e5f-90fc-9fd838186983&quot;},&quot;ajaxUrl&quot;:&quot;https:\/\/api.nextgen.guardianapps.co.uk&quot;,&quot;format&quot;:{&quot;display&quot;:0,&quot;theme&quot;:0,&quot;design&quot;:10}}\"\/><\/figure>\n<p class=\"dcr-h26idz\">Today\u2019s labour market report also shows that basic pay grew at the the fastest rate on record, outside of the Covid-19 pandemic period.<\/p>\n<p class=\"dcr-h26idz\">Regular pay (excluding bonuses) rose by 6.7% per year in the October-December quarter.<\/p>\n<p class=\"dcr-h26idz\">That may alarm the Bank of England, as it tries to bring UK inflation down from double-digit levels towards its 2% target.<\/p>\n<p class=\"dcr-h26idz\">The ONS says:<\/p>\n<blockquote class=\"dcr-1vwjs1l\">\n<p><svg viewbox=\"4 4 24 16\" class=\"css-cumn2r\"><path d=\"M9.2776 8H14.0473C13.4732 12.5489 12.9653 17.0095 12.7445 22H4C4.79495 17.142 6.4511 12.5489 9.2776 8ZM20.3852 8H25.0887C24.5808 12.5489 24.0067 17.0095 23.7859 22H15.0635C15.9688 17.142 17.5587 12.5489 20.3852 8Z\"\/><\/svg>For regular pay, this is the strongest growth rate seen outside of the coronavirus (COVID-19) pandemic period.<\/p>\n<\/blockquote>\n<p class=\"dcr-h26idz\">Growth in average total pay (including bonuses) slowed a little, to 5.9%.<\/p>\n<p class=\"dcr-h26idz\">Public sector pay lagged behind private sector employees, though. Average regular pay growth for the <strong>private<\/strong> <strong>sector<\/strong> was 7.3% in October to December 2022, and 4.2% for the <strong>public<\/strong> <strong>sector<\/strong>.<\/p>\n<p class=\"dcr-h26idz\">But once you adjust for inflation, pay actually fell.<\/p>\n<p class=\"dcr-h26idz\"><strong>In real terms (adjusted for inflation), total pay shrank by 3.1% while regulay pay fell by 2.5%. This is one of the biggest falls on record.<\/strong><\/p>\n<p class=\"dcr-h26idz\">The ONS says:<\/p>\n<blockquote class=\"dcr-1vwjs1l\">\n<p><svg viewbox=\"4 4 24 16\" class=\"css-cumn2r\"><path d=\"M9.2776 8H14.0473C13.4732 12.5489 12.9653 17.0095 12.7445 22H4C4.79495 17.142 6.4511 12.5489 9.2776 8ZM20.3852 8H25.0887C24.5808 12.5489 24.0067 17.0095 23.7859 22H15.0635C15.9688 17.142 17.5587 12.5489 20.3852 8Z\"\/><\/svg>This is smaller than the record fall in real total pay we saw in February to April 2009 (4.5%), but remains among the largest falls in growth since comparable records began in 2001.<\/p>\n<\/blockquote>\n<p class=\"dcr-h26idz\">Today\u2019s labour market also shows that the unemployment rate remained near at record low, at 3.7%.<\/p>\n<figure id=\"6206ac45-7e81-4cb3-b7c1-d00d810a8fdd\" data-spacefinder-role=\"inline\" data-spacefinder-type=\"model.dotcomrendering.pageElements.TweetBlockElement\" class=\" dcr-173mewl\"><gu-island name=\"TweetBlockComponent\" deferuntil=\"visible\" props=\"{&quot;element&quot;:{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TweetBlockElement&quot;,&quot;html&quot;:&quot;&lt;blockquote class=\\&quot;nojs-tweet\\&quot;&gt;&lt;p lang=\\&quot;en\\&quot; dir=\\&quot;ltr\\&quot;&gt;Headline indicators for the UK labour market for October to December 2022 show that: &lt;br&gt;&lt;br&gt;\u25aa\ufe0f employment was 75.6% &lt;br&gt;\u25aa\ufe0f unemployment was 3.7% &lt;br&gt;\u25aa\ufe0f economic inactivity was 21.4% &lt;br&gt;&lt;br&gt;\u27a1\ufe0f &lt;a href=\\&quot;https:\/\/t.co\/kXOT4RK1cE\\&quot;&gt;https:\/\/t.co\/kXOT4RK1cE&lt;\/a&gt; &lt;a href=\\&quot;https:\/\/t.co\/bZhubsYpAD\\&quot;&gt;pic.twitter.com\/bZhubsYpAD&lt;\/a&gt;&lt;\/p&gt;&amp;mdash; Office for National Statistics (ONS) (@ONS) &lt;a href=\\&quot;https:\/\/twitter.com\/ONS\/status\/1625390463841705984?ref_src=twsrc%5Etfw\\&quot;&gt;February 14, 2023&lt;\/a&gt;&lt;\/blockquote&gt;\\n&quot;,&quot;url&quot;:&quot;https:\/\/twitter.com\/ONS\/status\/1625390463841705984&quot;,&quot;id&quot;:&quot;1625390463841705984&quot;,&quot;hasMedia&quot;:false,&quot;role&quot;:&quot;inline&quot;,&quot;isThirdPartyTracking&quot;:false,&quot;source&quot;:&quot;Twitter&quot;,&quot;elementId&quot;:&quot;6206ac45-7e81-4cb3-b7c1-d00d810a8fdd&quot;}}\"\/><\/figure>\n<p><span class=\"dcr-d66r6p\"><\/p>\n<h2 id=\"also-coming-up-today\">Also coming up today<\/h2>\n<p><\/span><\/p>\n<p class=\"dcr-h26idz\">Investors are poised for the latest US inflation report, due at 1.30pm UK time.<\/p>\n<p class=\"dcr-h26idz\">It\u2019s expected to show that the cost of living squeeze eased, with the consumer prices index dropping to 6.2% per year from 6.5% in the year to December.<\/p>\n<figure id=\"b6541d04-837d-4df7-80c7-703399eb2003\" data-spacefinder-role=\"inline\" data-spacefinder-type=\"model.dotcomrendering.pageElements.TweetBlockElement\" class=\" dcr-173mewl\"><gu-island name=\"TweetBlockComponent\" deferuntil=\"visible\" props=\"{&quot;element&quot;:{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TweetBlockElement&quot;,&quot;html&quot;:&quot;&lt;blockquote class=\\&quot;nojs-tweet\\&quot;&gt;&lt;p lang=\\&quot;en\\&quot; dir=\\&quot;ltr\\&quot;&gt;The all important US \ud83c\uddfa\ud83c\uddf8 CPI data is to be released Tuesday. Consensus for full year to Jan \u201823 is 6.2% vs 6.5% for year to Dec \u201822. For what it\u2019s worth, here is the \u2066&lt;a href=\\&quot;https:\/\/twitter.com\/jpmorgan?ref_src=twsrc%5Etfw\\&quot;&gt;@jpmorgan&lt;\/a&gt;\u2069 CPI playbook\ud83d\udc47\ud83d\udc47\ud83d\udc47\ud83d\udc47\ud83d\udc47 &lt;a href=\\&quot;https:\/\/t.co\/vmz3w8X7Zg\\&quot;&gt;pic.twitter.com\/vmz3w8X7Zg&lt;\/a&gt;&lt;\/p&gt;&amp;mdash; Alex Sundich (@AlexSundich) &lt;a href=\\&quot;https:\/\/twitter.com\/AlexSundich\/status\/1625384049744424960?ref_src=twsrc%5Etfw\\&quot;&gt;February 14, 2023&lt;\/a&gt;&lt;\/blockquote&gt;\\n&quot;,&quot;url&quot;:&quot;https:\/\/twitter.com\/AlexSundich\/status\/1625384049744424960&quot;,&quot;id&quot;:&quot;1625384049744424960&quot;,&quot;hasMedia&quot;:false,&quot;role&quot;:&quot;inline&quot;,&quot;isThirdPartyTracking&quot;:false,&quot;source&quot;:&quot;Twitter&quot;,&quot;elementId&quot;:&quot;b6541d04-837d-4df7-80c7-703399eb2003&quot;}}\"><\/p>\n<div id=\"tweet-container-b6541d04-837d-4df7-80c7-703399eb2003\" class=\"dcr-kuntzf\">\n<blockquote class=\"nojs-tweet\">\n<p lang=\"en\" dir=\"ltr\">The all important US \ud83c\uddfa\ud83c\uddf8 CPI data is to be released Tuesday. Consensus for full year to Jan \u201823 is 6.2% vs 6.5% for year to Dec \u201822. For what it\u2019s worth, here is the \u2066<a href=\"https:\/\/twitter.com\/jpmorgan?ref_src=twsrc%5Etfw\">@jpmorgan<\/a>\u2069 CPI playbook\ud83d\udc47\ud83d\udc47\ud83d\udc47\ud83d\udc47\ud83d\udc47 <a href=\"https:\/\/t.co\/vmz3w8X7Zg\">pic.twitter.com\/vmz3w8X7Zg<\/a><\/p>\n<p>\u2014 Alex Sundich (@AlexSundich) <a href=\"https:\/\/twitter.com\/AlexSundich\/status\/1625384049744424960?ref_src=twsrc%5Etfw\">February 14, 2023<\/a><\/p><\/blockquote>\n<\/div>\n<p><\/gu-island><\/figure>\n<p class=\"dcr-h26idz\">A sharp drop in inflation would clearly be welcomed by the markets, as it could encourage US central bankers to slow their interest rate increases.<\/p>\n<p class=\"dcr-h26idz\"><strong>Wael<\/strong> <strong>Makarem<\/strong>, senior market strategist at trading platform <strong>Exness<\/strong>, says:<\/p>\n<blockquote class=\"dcr-1vwjs1l\">\n<p><svg viewbox=\"4 4 24 16\" class=\"css-cumn2r\"><path d=\"M9.2776 8H14.0473C13.4732 12.5489 12.9653 17.0095 12.7445 22H4C4.79495 17.142 6.4511 12.5489 9.2776 8ZM20.3852 8H25.0887C24.5808 12.5489 24.0067 17.0095 23.7859 22H15.0635C15.9688 17.142 17.5587 12.5489 20.3852 8Z\"\/><\/svg>This could be a critical data point for the dollar and other assets in particular after the Federal Reserve slowed the pace of its interest rate increases and the surprise over the US job market\u2019s figures.<\/p>\n<p>Inflation in the US has been declining on a year-on-year basis, pushing the US central bank to review its policy. However, a surprise tomorrow could alter expectations. Higher-than-expected inflation figures could reinforce the case for higher interest rates for a longer period of time, which could push the US dollar higher. In any case, higher volatility could be expected.<\/p>\n<\/blockquote>\n<p><span class=\"dcr-d66r6p\"><\/p>\n<h2 id=\"the-agenda\">The agenda<\/h2>\n<p><\/span><\/p>\n<ul class=\"dcr-h26idz\">\n<li>\n<p>7am GMT: UK labour market report<\/p>\n<\/li>\n<li>\n<p>10am GMT: Eurozone GDP report for Q4 2022 (second estimate)<\/p>\n<\/li>\n<li>\n<p>1.30pm GMT: US inflation report for January<\/p>\n<\/li>\n<\/ul>\n<footer class=\"dcr-3i7iba\">\n<p><time datetime=\"2023-02-14T09:06:23.000Z\" title=\"Last updated Tuesday, 14 February 2023, 09:06 Coordinated Universal Time\">Updated at 09.06\u00a0GMT<\/time><\/p>\n<\/footer>\n<\/article>\n<p><gu-island name=\"LiveBlogEpic\" props=\"{&quot;section&quot;:&quot;business&quot;,&quot;shouldHideReaderRevenue&quot;:false,&quot;tags&quot;:[{&quot;id&quot;:&quot;business\/series\/guardian-business-live&quot;,&quot;type&quot;:&quot;Series&quot;,&quot;title&quot;:&quot;Business live&quot;},{&quot;id&quot;:&quot;business\/business&quot;,&quot;type&quot;:&quot;Keyword&quot;,&quot;title&quot;:&quot;Business&quot;},{&quot;id&quot;:&quot;business\/economics&quot;,&quot;type&quot;:&quot;Keyword&quot;,&quot;title&quot;:&quot;Economics&quot;},{&quot;id&quot;:&quot;business\/stock-markets&quot;,&quot;type&quot;:&quot;Keyword&quot;,&quot;title&quot;:&quot;Stock markets&quot;},{&quot;id&quot;:&quot;business\/uk-unemployment-and-employment-statistics&quot;,&quot;type&quot;:&quot;Keyword&quot;,&quot;title&quot;:&quot;UK unemployment and employment statistics&quot;},{&quot;id&quot;:&quot;campaign\/email\/business-today&quot;,&quot;type&quot;:&quot;Campaign&quot;,&quot;title&quot;:&quot;Business Today (newsletter signup)&quot;},{&quot;id&quot;:&quot;business\/unemployment-and-employment-statistics&quot;,&quot;type&quot;:&quot;Keyword&quot;,&quot;title&quot;:&quot;Unemployment and employment statistics&quot;},{&quot;id&quot;:&quot;business\/inflation&quot;,&quot;type&quot;:&quot;Keyword&quot;,&quot;title&quot;:&quot;Inflation&quot;},{&quot;id&quot;:&quot;type\/article&quot;,&quot;type&quot;:&quot;Type&quot;,&quot;title&quot;:&quot;Article&quot;},{&quot;id&quot;:&quot;tone\/minutebyminute&quot;,&quot;type&quot;:&quot;Tone&quot;,&quot;title&quot;:&quot;Minute by minute&quot;},{&quot;id&quot;:&quot;tone\/news&quot;,&quot;type&quot;:&quot;Tone&quot;,&quot;title&quot;:&quot;News&quot;},{&quot;id&quot;:&quot;profile\/graemewearden&quot;,&quot;type&quot;:&quot;Contributor&quot;,&quot;title&quot;:&quot;Graeme Wearden&quot;,&quot;bylineImageUrl&quot;:&quot;https:\/\/i.guim.co.uk\/img\/static\/sys-images\/Guardian\/Pix\/contributor\/2014\/5\/7\/1399476600504\/Graeme-Wearden.jpg?width=300&amp;quality=85&amp;auto=format&amp;fit=max&amp;s=e3e4394eb9ff3c21f96ba37767603f50&quot;,&quot;bylineLargeImageUrl&quot;:&quot;https:\/\/i.guim.co.uk\/img\/uploads\/2017\/10\/06\/Graeme-Wearden,-L.png?width=300&amp;quality=85&amp;auto=format&amp;fit=max&amp;s=e7c6ad839ffcd2d7612b7976017923ac&quot;},{&quot;id&quot;:&quot;profile\/richard-partington&quot;,&quot;type&quot;:&quot;Contributor&quot;,&quot;title&quot;:&quot;Richard Partington&quot;,&quot;twitterHandle&quot;:&quot;RJPartington&quot;,&quot;bylineImageUrl&quot;:&quot;https:\/\/i.guim.co.uk\/img\/uploads\/2017\/12\/27\/Richard-Partington.jpg?width=300&amp;quality=85&amp;auto=format&amp;fit=max&amp;s=7a0cd4e01f7289ba75909509b7b8da7c&quot;,&quot;bylineLargeImageUrl&quot;:&quot;https:\/\/www.businesstelegraph.co.uk\/wp-content\/uploads\/2023\/02\/FTSE-100-hits-record-high-UK-strike-disruption-highest-since.png&quot;},{&quot;id&quot;:&quot;tracking\/commissioningdesk\/uk-business&quot;,&quot;type&quot;:&quot;Tracking&quot;,&quot;title&quot;:&quot;UK Business&quot;}],&quot;isPaidContent&quot;:false,&quot;contributionsServiceUrl&quot;:&quot;https:\/\/contributions.guardianapis.com&quot;,&quot;pageId&quot;:&quot;business\/live\/2023\/feb\/14\/uk-strike-days-real-pay-falling-ftse-us-inflation-business-live&quot;,&quot;keywordIds&quot;:&quot;business\/business,business\/economics,business\/stock-markets,business\/uk-unemployment-and-employment-statistics,business\/unemployment-and-employment-statistics,business\/inflation&quot;}\" clientonly=\"true\"\/><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block; 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The FTSE 100 index has jumped by 36 points, or 0.45%, to 7986 points \u2013 its highest point on record. The FTSE has now [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_oct_exclude_from_cache":false,"footnotes":""},"categories":[20],"tags":[],"class_list":["post-1193374","post","type-post","status-publish","format-standard","hentry","category-stockmarket"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>FTSE 100 hits record high; UK strike disruption highest since 2011 \u2013 business live - Business Telegraph<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.theguardian.com\/business\/live\/2023\/feb\/14\/uk-strike-days-real-pay-falling-ftse-us-inflation-business-live\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FTSE 100 hits record high; UK strike disruption highest since 2011 \u2013 business live - Business Telegraph\" \/>\n<meta property=\"og:description\" content=\"FTSE 100 hits record high, with 8,000 points in view In the City, the UK\u2019s blue-chip share index has hit a new record high, as it continues to rally in 2023. The FTSE 100 index has jumped by 36 points, or 0.45%, to 7986 points \u2013 its highest point on record. The FTSE has now [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.theguardian.com\/business\/live\/2023\/feb\/14\/uk-strike-days-real-pay-falling-ftse-us-inflation-business-live\" \/>\n<meta property=\"og:site_name\" content=\"Business Telegraph\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-14T09:57:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.businesstelegraph.co.uk\/wp-content\/uploads\/2023\/02\/FTSE-100-hits-record-high-UK-strike-disruption-highest-since.png\" \/>\n<meta name=\"author\" content=\"businesstelegraph\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"businesstelegraph\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"17 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.theguardian.com\/business\/live\/2023\/feb\/14\/uk-strike-days-real-pay-falling-ftse-us-inflation-business-live#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.businesstelegraph.co.uk\/ftse-100-hits-record-high-uk-strike-disruption-highest-since-2011-business-live\/\"},\"author\":{\"name\":\"businesstelegraph\",\"@id\":\"https:\/\/www.businesstelegraph.co.uk\/#\/schema\/person\/0a3a6a0f58402f1f2af94e02d0987b78\"},\"headline\":\"FTSE 100 hits record high; 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