UK state pension set to top £13,000 a year as wage growth slows to 3.9%
Workers face inflation squeeze fuelled by Iran war, as Bank of England prepares for interest rates decision Business live – latest updates Wage growth in the UK has slowed as workers come under pressure from a renewed cost of living squeeze fuelled by the Iran war, highlighting the challenge for the Bank of England as it prepares to set interest rates. Data from the Office for National Statistics (ONS) shows average growth in total earnings, including bonuses, eased to 3.9% in the three months t
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Workers face inflation squeeze fuelled by Iran war, as Bank of England prepares for interest rates decision
Wage growth in the UK has slowed as workers come under pressure from a renewed cost of living squeeze fuelled by the Iran war, highlighting the challenge for the Bank of England as it prepares to set interest rates.
Data from the Office for National Statistics (ONS) shows average growth in total earnings, including bonuses, eased to 3.9% in the three months to July, down from 4.1% in the three months to June, matching the forecasts of City economists.
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About this article
- Length
- 103 words · 1 min read
- Published
- September 15, 2026
- Byline
- Richard Partington Senior economics correspondent
- Source
- The Guardian