UK pay growth slows to 3.9% before crunch interest rates decision

UK pay growth slows to 3.9% before crunch interest rates decision

Figure likely to dictate rise in state pension triple lock, as workers face inflation squeeze fuelled by oil price rises Business live – latest updates Wage growth in the UK slowed in July as workers came under pressure from a renewed cost of living squeeze fuelled by the Iran war, highlighting the challenge for the Bank of England as it prepares to set interest rates. Figures from the Office for National Statistics (ONS) show average growth in total earnings, including bonuses, eased to 3.9% in

Sep 15, 2026

Trump demands lower interest rates after Fed decision

President Trump responded to the Federal Reserve raising interest rates for the first time in three years by saying they should be lowered — "AND FAST!" Why it matters: The rate hike immediately puts Trump at odds with the central bank under new Fed chair Kevin Warsh , whom he picked to lead it. By the numbers: The Fed raised its target interest rate by a quarter percentage point, to a range of 3.75%–4%. Fed projections show 12 of 18 officials expect one more rate hike this year, while four expe

Sep 16, 2026