Economy
UK wage growth slows, easing inflationary concerns
New figures fuel hopes that the UK labour market has steadied, potentially prompting Bank of England to consider cutting rates
UK wage growth slowed in the three months to January, fuelling hopes of a normalisation in the country’s labour market.
The latest figures from the Office for National Statistics said average earnings, including bonuses, were 5.6 per cent higher in the three months to January compared to the previous year.
The figure is down from 5.8 per cent growth between October and December last year.
Excluding bonuses, average wages growth also slowed slightly to 6.1 ...