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UK pay growth stays weak, easing pressure on Bank of England

Reuters  |  LONDON 

By David Milliken and William SchombergLONDON (Reuters) - Britain's unemployment rate hit its lowest since 1975 but wages slipped further behind the cost of living, taking some of the urgency out of a Bank of England debate on when interest rates might rise.But Wednesday's figures added pressure on the government to give more ground on public sector salaries, a day after Prime Minister Theresa agreed to ease seven years of pay constraints for some state workers but not others.The BoE issues a policy statement on Thursday.The fall in the jobless rate to 4.3 percent in the three months to July, ...

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First Published: Wed, September 13 2017. 16:15 IST