Economy

Economy

UK wage growth edges down but remains above 5%

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.UK wage growth slowed but remained strong in the three months to May, reinforcing doubts over the pace at which the Bank of England will cut interest rates.The Office for National Statistics on Thursday said annual growth in average weekly earnings, including bonuses, slowed to 5.7 per cent, down from 5.9 per cent in the three months to April.Excluding bonuses, annual wage growth also slowed to 5.7 per cent, down from 6...
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