16 December 2025, 13:29  United Kingdom: Wage Growth Slows Slightly.

Regular pay in the UK, excluding bonuses, rose 4.6% year-on-year to GBP 687 per week in the three months to October 2025, easing from a marginally revised 4.7% in the previous period but surpassing market expectations of 4.5%. Private sector wages slowed 3.5% from 4.2%, the lowest since late 2020. Public sector pay, however, accelerated to 7.6% from 6.6%, the steepest rise on record. By industry, the fastest annual gains were seen in wholesale, retail, hotels, and restaurants (5.5%), followed by services (4.7%), manufacturing (4.5%), construction (2.9%), and finance and business services (2.3%). Adjusted for inflation, real wages rose 0.5%, remaining the weakest growth since 2023.

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