UK Wage Growth Slows to Five-Year Low, ONS Reports
UK annual earnings grew at their slowest rate in over five years, reaching 3.8% in the three months to January, according to the Office for National Statistics, with the Bank of England expected to keep interest rates unchanged.
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Pay grows at slowest rate in more than five years
Annual earnings grew at an annual rate of 3.8% in the November to January period, the Office for National Statistics says.
Read full article →Bank of England expected to leave interest rates on hold as oil and gas prices surge; UK pay growth hits five-year low– business live
Rolling coverage of the latest economic and financial news UK wage growth slows sharply as unemployment holds steady Fed holds interest rates steady as Iran war drives up oil prices and inflation fears Middle East crisis live: Trump threatens to ‘blow up’ entire South Pars gasfield if Iran strikes Qatar UK wage growth was particularly weak once you account for inflation. Real regular pay (adjusted by the consumer prices index) fell to just 0.5% in November-January. That’s the lowest since...
By Graeme Wearden
Read full article →Wage growth tumbles to lowest level for more than five years – ONS
The Office for National Statistics said regular earnings growth fell back to 3.8% in the three months to January.
By Holly Williams
Read full article →Coverage Timeline
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