Wage growth in the UK has declined to its lowest level since November, while unemployment crept up in the last three months ahead of tax increases and a rise in the minimum wage, official data showed.
Wage growth slowed to 5.6 per cent in the three months to March, down from 5.9 per cent in the previous three months, according to figures from the Office for National Statistics (ONS) on Tuesday. The figure was below analysts’ expectations of growth of 5.7 per cent.
Including bonuses, pay grew by 5.5 per cent over the same period, while salaries in the private sector rose by 5.6 per cent and in the public sector they grew by 5.5 per cent. For the twenty-second quarter in a row, nominal
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