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Home > Headlines > UK firms trim year-ahead wage growth expectations, BoE survey shows

Headlines

UK firms trim year-ahead wage growth expectations, BoE survey shows

Published by Global Banking and Finance Review

Posted on July 3, 2025

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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)

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