Wages grew at their slowest pace in more than two years in the three months to August as vacancies fell, fresh data from the Office for National Statistics shows.
Average weekly earnings before bonuses were up 4.9 per cent for the period, in-line with forecasts and providing a boost to hopes for Bank of England base rate cuts as inflationary pressures dissipate.
The FTSE 100 will open at 8am. Among the companies with reports and trading updates today are De La Rue, Bellway, Robert Walters and Applied Nutrition. Read the Tuesday 15 October Business Live blog below.
Wages grew at their slowest pace in more than two years in the three months to August as vacancies fell, fresh data from the Office for National Statistics shows.
Average weekly earnings before bonuses were up 4.9 per cent for the period, in-line with forecasts and providing a boost to hopes for Bank of England base rate cuts as inflationary pressures dissipate.
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