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UK firms trim year-ahead wage growth expectations, BoE survey shows
Published by Global Banking & Finance Review®
Posted on July 3, 2025
1 min readLast updated: January 23, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on July 3, 2025
1 min readLast updated: January 23, 2026
UK firms expect wage growth to slow to 3.6% next year, with concerns over U.S. trade policies impacting sales and capital expenditures, according to a BoE survey.
LONDON (Reuters) -British businesses have trimmed their expectations for wage growth over the coming year, a Bank of England survey conducted in June showed on Thursday.
Firms expected wage growth of 3.6%, down 0.1 percentage points on a three-month moving-average basis, according to the survey.
It added that in June, 29% of British businesses expected sales to be lower in the year ahead due to U.S. trade policy changes, while 24% of firms expected that their capital expenditures would be lower.
(Reporting by Muvija M; editing by William James)
The survey indicated that British businesses have reduced their wage growth expectations to 3.6%, down by 0.1 percentage points on a three-month moving average.
According to the survey, 29% of British businesses anticipate lower sales in the year ahead due to changes in U.S. trade policy.
The survey found that 24% of firms expect their capital expenditures to be low in the upcoming year.
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