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MNI BRIEF: UK Wage Growth Slows In January - ONS

(MNI) LONDON

UK wage growth slows again, but still sits at elevated levels.

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UK wage growth slowed again in the three months to January, the Office for National Statistics said Tuesday, with total and ex-bonus outcomes below both Bank of England and market expectations.

Total wage growth was 5.6%, down from 5.8% in the previous period and 0.1pp below forecast. Ex-bonuses, wages rose 6.1% year-on-year.

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UK wage growth slowed again in the three months to January, the Office for National Statistics said Tuesday, with total and ex-bonus outcomes below both Bank of England and market expectations.

Total wage growth was 5.6%, down from 5.8% in the previous period and 0.1pp below forecast. Ex-bonuses, wages rose 6.1% year-on-year.

Keep reading...Show less