16.09.202506:00:00UTC+00UK Wage Growth Dips Slightly as Average Earnings ex Bonus Reaches 4.8% in July

In a subtle shift for the UK labor market, the latest report on the Average Earnings excluding Bonus reveals a slight decrease, with the indicator plateauing at 4.8% for the month of July. According to newly released data on September 16, this figure reflects a modest decline from the 5.0% registered in June 2025.

This contraction in wage growth, albeit minor, signals a slowing pace in rising salaries amidst economic adjustments. July’s outcome contrasts with the buoyant figures reported earlier in the year, raising questions about enduring inflation pressures and the resilience of the UK economy.

Economists and market watchers will be keenly observing whether this trend continues, as it could influence the Bank of England's stance on monetary policy and potentially sway consumer spending patterns. Stakeholders will await further data releases to determine if this represents the start of a longer-term shift or merely a temporary adjustment in a complex economic landscape.