![]() ![]() If you have a spare parking space that is sitting empty, why not try and make some extra cash?Īs the cost of living crisis continues, many people are thinking outside the box when it comes to choosing a side hustle. That all points to a further bump in rates when the Bank’s monetary policy committee meets next week, a 14th consecutive rise as it tries to put the brakes on inflation. Rising wages may be a factor in persistent core inflation, the measure of price rises excluding volatile food and energy that continued to climb in the most recent figures. Bank of England Governor Andrew Bailey has long been concerned about the labour market, both because it limits the capacity for economic growth and as a driver of inflation. That’s good news for workers but not necessarily the economy. With 1.05m vacancies and 1.3m people unemployed the jobs market is less tight than it was, but a ratio of 0.8 workers for every job means employers have to work hard to find candidates, and pay them well when they do. The number of vacancies actually fell but not necessarily, say the ONS, because workers are easier to find, but because uncertainty is causing employers across industries to hold back on recruitment. That helps explain the curiosity of the UK jobs market in which unemployment is essentially stable (3.8%) and there are a record number of people in work, touching 30 million for the first time since COVID-19, yet there are more than one million vacancies unfilled. The easing conceals a new record number of people not working because of long-term sickness, rising to 440,000 more people out of the jobs market because of ill-health since the pandemic. That wage growth, sharper than anticipated, came despite what appears to be a slight easing of a jobs market that has struggled with a mismatch between vacancies and available workers for more than a year.Įconomic inactivity, which covers all those for various reasons not in work or looking for a job - has been a key factor in limiting labour supply, but the total fell for a fifth consecutive month. The ONS data reveals wages rose by 7.2% in the three months to April, higher than expected and a figure that will weigh heavily in the Bank of England's calculations about the path of rates.Īdjusted for CPI inflation real wages - the spending power of the pound in your pocket - fell 2.3% demonstrating the challenge of the current inflationary environment. The latest snapshot of Britain's labour market reveals an economy still restrained by worker shortages with wage inflation driven to a new post-pandemic peak that, in turn, increases the likelihood of another interest rate increase next week. Most people will be fine with 100GB or 200GB of Google One storage-you can always upgrade or downgrade later.Analysis by Paul Kelso, business correspondent These expensive plans are best for power users and families. Note that some of these perks, such as Google’s VPN, require 2TB or more of storage. Google Workspace Premium: Members with 2TB or more storage get additional features for Google Meet, such as 24-hour group calls and noise cancelation.(This feature is free for Pixel 7 owners.) A Decent VPN: If you pay for 2TB of storage (or more), you can use Google’s VPN on your PC, Mac, Android device, or iPhone.And you get 10% back if you pay for at least 2TB of storage. Cash Back: Customers paying for at least 200GB of Google One storage get 3% back in credits for purchases in the Google Store. ![]() Random Free Stuff: Google One subscribers occasionally get free coupons, Google Play credits, and Nest Mini smart speakers.Discounts on Hotels: Sign into the account associated with your Google One subscription to see discounted hotel rooms in Google Search.(Note that these editing tools are free if you use a Pixel phone.) Google Photos Features: All Google One subscribers can use special editing tools in Google Photos, including an automatic background blur filter. ![]() You can contact tech support via phone call, email, message, or the Google One app.
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