UK Workers Saw Easing Pay Growth Ahead of Minimum Wage Hike
BOE policymakers are also watching wage growth for signs of sticky price pressures.
Photographer: Jose Sarmento Matos/BloombergTakeaways NEW
Britain’s Labour government hiked the minimum wage this week but for many of the country’s low-paid workers, raises have been on the decline.
Jobs website Indeed found that annual pay growth for low-wage positions slowed to 6.2% in February, down from 6.8% the previous month and the lowest it’s been since February 2022.