UK earnings growth has fallen back further amid mounting signs of a weakening jobs market, but wages are outstripping inflation at the fastest pace for more than two-and-a-half years, according to official figures.
The Office for National Statistics (ONS) said average regular earnings growth dropped to 5.7 per cent in the three months to May – down from 6 per cent in the previous three months and the lowest level since the quarter to September 2022.
