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UK pay grows faster than expected

Data follow calls from the government and the Bank of England for wage restraint

UK pay grew more quickly than expected in the three months to May, adding to pressure on the Bank of England as it tries to tame inflation.

Annual growth in employees’ average total pay, which includes bonuses, was 6.9 per cent in the three months to May, up from a revised 6.7 per cent in the three months to April, according to data published by the Office for National Statistics on Tuesday.

The figure was stronger than the 6.8 per cent forecast by economists polled by Reuters.

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