• RCS Ottawa

UK wage growth outpaces inflation

In the three months to December, wages grew 2.6% on an annualised basis in the UK, according to the Office for National Statistics (ONS).

However, that was slower than the previous period, leading analysts to suggest households could face a "squeeze" on spending later this year.

The ONS also said the jobless rate held steady at an 11-year low of 4.8%.



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