Wages growth in the UK economy accelerated at the weakest pace in over two years in August in further signs of a cooling jobs market that could prompt more interest rate cuts this year.
Official figures showed a decline in average weekly earnings, excluding bonuses, from 5.1% to 4.9% in the three months to August, the slowed pace since June 2022. The figure was in line with economists’ forecasts
Official figures showed a decline in average weekly earnings, excluding bonuses, from 5.1% to 4.9% in the three months to August, the slowed pace since June 2022. The figure was in line with economists’ forecasts
