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UK Wage Growth Slows Less Than Expected; Jobless Rate Down

UK pay growth eased at a slower than expected pace in the fourth quarter and created a bumpy road ahead for an interest rate cut as the Bank of England awaits more signs of easing in the labor market. ....

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BoE's Broadbent: Further Evidence Needed To Conclude Downward Trend In Wage Growth

Further evidence is required to conclude that wage growth is cooling, and for the Bank of England to consider interest rate cuts, Deputy Governor Ben Broadbent said Monday. ....

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UK Wage Growth Slows, Jobless Rate Stable At 4.2%

The UK wage growth slowed more than expected in three months to October raising expectations that the Bank of England will cut interest rates as early as next June. ....

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Soaring UK wages spur inflation risks, says BoE chief economist

Governor Andrew Bailey said it s too early to talk about the possibility of reducing interest rates, Pill said “more persistence in wage and price dynamics” suggest “we can be less sanguine” about a slowing economy reducing inflation. ....

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Most Britons believe the economy is getting worse despite wage boost

Record wage increases have failed to convince people the economy is going in the right direction. ....

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