UK wage growth slowest since 2022, offering relief to Bank of England

 

British wages excluding bonuses grew at their slowest pace since October 2022 while the unemployment rate edged up unexpectedly, according to data which may slightly ease the Bank of England's inflation worries, Paralel.Az reports citing Reuters.

Regular wage growth dropped to 6.1% in the three months to January from 6.2% in the final quarter of 2023, the Office for National Statistics said. Economists had expected another reading of 6.2%.

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