UK wage growth decreases to 3.9% ahead of interest rates decision
The Guardian · September 15, 2026Original source ↗
What happened
Wage growth in the UK has decreased to 3.9% in the three months to July, down from 4.1% in June. This change is in line with economists' forecasts and occurs amid rising inflation pressures related to oil prices.
Why it matters
This trend may impact decisions regarding interest rates and the state pension triple lock.
How this story affects people
How does this story affect you if you are a UK worker?
Your earnings growth has slowed, which could make it harder to keep up with rising living costs driven by inflation. This situation may lead to increased financial pressure as you face higher prices, particularly for essentials.
How does this story affect you if you rely on the state pension?
The decrease in wage growth could influence the upcoming decision on the state pension triple lock, potentially affecting your future pension payments. If wages continue to stagnate, it may limit the increase in your pension, impacting your financial security.
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