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The Guardian - UK
The Guardian - UK
Business
Phillip Inman

UK pay growth sinks to five-year low as younger workers hit by hiring slowdown

Unemployment United Kingdom Office for National Statistics Bank of England Interest Rates
Pedestrians walking on London Bridge
UK wages growth fell to 3.8% in the three months to January, the ONS said. Photograph: Grant Faint/Getty Images

Wage growth slowed sharply in the three months to January, according to the latest snapshot of the jobs market from the Office for National Statistics.

Average earnings growth fell to 3.8% in the three months to January, down from 4.2% – a larger fall than forecast by City economists. It was the slowest rate of wage growth in more than five years.

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