FX.co ★ UK Total Pay Slows

In the UK, total average weekly earnings, inclusive of bonuses, increased by 5% year-on-year, reaching GBP 722 per week in the three months leading up to May 2025. This represents the smallest growth in eight months, down from a revised rate of 5.4% in the preceding period, aligning with the anticipated forecast of 5%. Wage growth experienced a deceleration both in the private sector, slowing to 4.9%—the lowest rate since the three months ending September 2024—from 5.3%, and in the public sector, which decreased to 5.3% from 5.5%. When adjusted for inflation, overall earnings showed a growth of 1%.