UK wage growth slows to 4.6% in three months to October, ONS says

By Reuters   |   15 hours ago
UK wage growth slows to 4.6% in three months to October, ONS says

LONDON, Dec 16 (Reuters) - British ‍annual ⁠wage growth, ​excluding bonuses, slowed to 4.6% in the three months to October, the Office for National ‌Statistics said on Tuesday.

A Reuters poll of economists had mostly expected regular wage growth of 4.5%. ‍The reading for ‌the ‍three ‌months to September was revised up ​to 4.7% from ‍4.6%.

The ⁠Bank ⁠of England is watching ‍pay as a gauge of how long Britain's high rate of inflation is likely to last.

The central bank is expected to cut interest rates ‌to 3.75% from 4% ⁠on Thursday. Investors and analysts expect one or possibly ⁠two more cuts in 2026.

(Reporting by William Schomberg; Editing by Kate Holton)

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