UK median pay settlements drop to 3 percent in April
British employers reduced pay deals to 3.0 percent in the three months to April, marking the lowest level since mid-2025. This slowdown in wage growth offers potential relief for the Bank of England as it monitors inflation pressures and broader labour market cooling across the economy.
Xurve View
Xurve View
Employers in the United Kingdom reduced median pay settlements to 3.0% during the three months ending in April. This figure matches levels from mid-2025 and follows seven consecutive rolling quarters where pay awards remained above 3.0%. Lower wage growth eases inflation pressure on the Bank of England as conflict in Iran drives energy costs higher.
