UK wage growth 3.5% in the second quarter
UK wage growth 3.5% in the second quarter
Tue, August 18, 2026 at 6:05 AM UTC
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LONDON, Aug 18 (Reuters) - British annual wage growth, excluding bonuses, was 3.5% in the second quarter, the Office for National Statistics said on Tuesday.
Economists polled by Reuters had mostly expected regular wage growth of 3.4%.
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The Bank of England is closely watching whether the energy price jump caused by the Iran war is turning into longer-term inflation pressures in the economy.
Financial markets on Monday showed one 0.25 percentage-point interest rate hike priced by the end of 2026.
(Reporting by Andy Bruce and David Milliken; editing by William James)
Source: “AOL Money”
