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UK wages grew by annual 3.7% in three months to August

A Reuters poll had expected 3.6% growth, while investors now see a November rate increase to 4% as pay and jobs data firm.

Summary by RTÉ
Wages in Britain grew by 3.7% in the three months to August compared with the same time last year, official data showed today.

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The unemployment rate in the United Kingdom fell unexpectedly in the three months to August, in a labour market signal that was tighter than expected.

Wage growth in the United Kingdom increased slightly by +3.7% between June and August and unemployment fell to 4.7%, which could lead the Bank of England to raise its rates in November.

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WTVB broke the news on Tuesday, October 20, 2026.
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