The Bank of England looks set to raise interest rates again next week after wages in the UK continued to surge at a record rate, according to latest official data.
Total pay including bonuses jumped 8.5% in the three months to July, although this was boosted by one-off lump sum payments of at least £1,655 to NHS workers and civil servants over the summer. Underlying earnings growth stayed unchanged at 7.8% matching the Consumer Prices Index (CPI) inflation for the first time since October 2021.
