Published by Global Banking & Finance Review®
Posted on October 14, 2025
1 min readLast updated: January 21, 2026
Add as preferred source on GoogleUK wage growth slowed to 4.7% in the three months to August, as reported by ONS. The Bank of England is monitoring inflation and interest rates remain at 4%.
LONDON (Reuters) -Growth in British average weekly earnings, excluding bonuses, slowed slightly to 4.7% in the three months to August compared with a year earlier, the Office for National Statistics said on Tuesday.
Economists polled by Reuters had mostly expected regular annual wage growth of 4.7% for the June-August period, slightly weaker than an increase of 4.8% in the three months to July.
The Bank of England is monitoring inflation pressures in Britain's economy, including wage growth. BoE officials held interest rates at 4% last month, and investors are fully pricing another BoE rate cut only in April 2026, according to LSEG data.
(Reporting by Suban Abdulla; editing by Sarah Young)
Wage growth refers to the increase in the average amount of money workers earn over a specific period, often expressed as a percentage increase compared to previous periods.
Inflation is the rate at which the general level of prices for goods and services rises, eroding purchasing power. It's typically measured by the Consumer Price Index (CPI).
The Bank of England is the central bank of the United Kingdom, responsible for issuing currency, managing monetary policy, and maintaining financial stability.
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