UK wage growth slows sharply as unemployment holds steady
ONS data for three months to January is unlikely to convince Bank of England to cut interest ratesBusiness live – latest updatesWage growth slowed sharply in the three months to January according to the latest snapshot of the jobs market from the Office for National Statistics.Average earnings...
<p>ONS data for three months to January is unlikely to convince Bank of England to cut interest rates</p><ul><li><p><a href="https://www.theguardian.com/business/live/2026/mar/19/bank-of-england-interest-rates-decision-hold-inflation-oil-gas-iran-wage-growth-slows-latest-news-updates">Business live – latest updates</a></p></li></ul><p>Wage growth slowed sharply in the three months to January according to the latest snapshot of the jobs market from the Office for National Statistics.</p><p>Average earnings fell to 3.8% in the three months to January, from 4.2%, which was a larger fall than forecast by City economists. It was the slowest rate of wage growth in more than five years.</p> <a href="https://www.theguardian.com/business/2026/mar/19/uk-wage-growth-unemployment-ons-bank-of-england-interest-rates">Continue reading...</a>
Read the full article at:
The Guardian World →