UK Wage Growth Slows, Falling Behind Inflation
New data from the Office for National Statistics shows UK regular pay growth fell to 6.1%, lagging behind inflation and intensifying the cost-of-living crisis for workers.
New data from the Office for National Statistics shows UK regular pay growth fell to 6.1%, lagging behind inflation and intensifying the cost-of-living crisis for workers.
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Official figures show UK wage growth slowed to 5.7% while unemployment rose to 4.3%, signalling a cooling labour market that could influence Bank of England interest rate decisions.
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