UK wages rose at a slower-than-expected rate of 5.2% in the three months to April, marking the weakest pace since the third quarter of 2024, according to official data released on Tuesday.
This could influence the Bank of England’s decisions regarding the pace of interest rate cuts.
Economists had forecast average annual regular wage growth of 5.3% for the February to April period.
This estimate represents a decline from the revised 5.5% growth recorded in the three months to March
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