UK pay growth slows as job vacancies hit five-year low

UK private sector pay growth has continued to ease, an ONS official said. Photograph: Alamy

Wage growth in the UK slowed in June and vacancies hit a five-year low as workers came under pressure from a renewed cost of living squeeze amid the economic impact from the Iran war.

Figures from the Office for National Statistics show average growth in total earnings, including bonuses, fell to 4.1% in the three months to June, down from 4.4% in the three months to May.