10 June 2025, 10:09  United Kingdom: UK Pay Growth Slows More than Expected.

Regular pay excluding bonuses in the UK rose by 5.2% year-on-year to GBP 674 per week in the three months to April 2025, the least in seven months, following a downwardly revised 5.5% rise in the previous period and below forecasts of 5.4%. Wage growth slowed sharply for the private sector (5.1% vs 5.5%) but accelerated slightly in the public sector (5.6% vs 5.5%). Among industries, the strongest annual wage growth was seen in wholesale, retail, hotels, and restaurants (7.7%), followed by construction (5.9%), services (5.2%), manufacturing (5.1%), and finance and business services (3.2%). Adjusted for inflation, real wages grew by 1.4%.

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