UK private sector wage growth slowed to its lowest rate in more than five years in the three months to April, reinforcing the case for the Bank of England to leave interest rates on hold at its policy meeting on Thursday.
Annual growth in private sector weekly earnings, excluding bonuses, slowed to 2.9 per cent, down from 3.1 per cent in the three months to March, data from the Office for National Statistics showed.
Regular pay growth across the economy as a whole remained steady at 3.4 per cent and was stronger than the 3.2 per cent analysts had expected.
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