HomeBusiness & MoneyUK pay growth holds in three months to February By Reuters

UK pay growth holds in three months to February By Reuters



© Reuters. FILE PHOTO: People walk past a branch of Jobcentre Plus, a government run employment support and benefits agency, as the outbreak of the coronavirus disease (COVID-19) continues, in Hackney, London, Britain, August 6, 2020. REUTERS/John Sibley/File Photo

(Corrects throughout as January pay growth revised up)

LONDON (Reuters) -Pay growth in Britain – which is key to the Bank of England’s debate about whether to extend its run of interest rate hikes next month – held at 6.6% in the three months to February, official data showed on Tuesday.

Pay growth, excluding bonuses, was unchanged from an upwardly revised pay growth figure of 6.6% for the three months to January.

Economists polled by Reuters had expected basic earnings to rise by 6.2%.



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