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Pay rises dropped to their lowest rate for more two years over the summer latest official figures show today. Basic wages rose by an annual rate of 4.9% in the three months to August, according to latest data from the Office for National Statistics (ONS).

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Reuters

United Kingdom

UK pay grows by least in two years as BoE mulls next rate cut

Expectations of a rate cut next month increase as pay growth slows to its lowest rate for more than two years.

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BBC News

Government of the United Kingdom

Interest rate cut hopes raised by slowing wage growth

The Office for National Statistics (ONS) said average regular earnings growth eased back to 4.9% in the three months to July.

The Independent

Evgeny Lebedev

London

Greater London

England

Wage growth eases to lowest level in more than two years – ONS

British pay grew at its slowest pace in more than two years in the three months to August and vacancies fell again, according official data that will probably be welcomed by the Bank of England as it considers when to cut interest rates again.

The Woodbridge Company

The Office for National Statistics (ONS) said average regular earnings growth eased back to 4.9 percent in the three months to July, down from 5.1 percent in the previous three months.

Daily Express

Reach plc

Wage growth plunges to lowest level in over two years

UNEMPLOYMENT has fallen again and wage growth has slowed, new data from the ONS shows.  The rate of unemployment fell to 4% in the three months to August 2024, which is below estimates of a year ago.  GettyWages and unemployment have fallen again in the UK[/caption]
Meanwhile, the estimated number of job vacancies in the UK decreased in July to September 2024, by 34,000 in the quarter to 841,000.  The decrease marks the 27th month in a row that …

The Sun

Murdoch family

UK unemployment rate falls again and wage growth slows

The unemployment rate continued to ease, falling to 4% in June to August, down from 4.1% in May to July.

Evening Standard

Alfred Harmsworth (barrister)

Geraldine Mary Harmsworth

Patricia Harmsworth, Viscountess Rothermere

Carron Greig

Door opens wider to rate cuts as wages rise at slowest pace for more than two years

Unemployment is down but wage growth has slowed in the latest figures released by the ONS

The Herald Scotland

Gannett

Scotland

Unemployment down and wage growth slows in latest ONS figures

This marked the lowest level since the three months to June 2022.

Wage growth eases to lowest level in more than two years

Strong wage growth has been a concern for policymakers at the Bank of England due to fears that it could keep cost pressures elevated.

Wage growth eases again in boost for rate cut hopes

City AM

UK unemployment rate falls to four per cent between June and August 2024

Miera nezamestnanosti sa v Spojenom kráľovstve v období od júna do augusta 2024 znížila na štyri percentá

Mzdy v Spojenom kráľovstve rástli najpomalším tempom za viac ako dva roky

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UK wages rose at the slowest pace in more than two years

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Door opens wider to rate cuts as wages rise at slowest pace for more than two years

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