AVERAGE earnings in the UK have remained flat, fresh data shows.
Weekly earnings, excluding bonuses reached 5.9% in December 2024 to February 2025,the Office for National Statistics has found.
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This is compared to the previous quarter where wages excluding bonuses grew by 5.9% with areas like retail and construction seeing strong growth.
The Bank of England watches jobs and wages figures closely when making a decision about interest rates.
Last month, rate-setters voted to maintain the base rate at 4.5%.
Lenders use the base rate to determine the interest rates offered to customers on savings and borrowing costs, including mortgages.
Today’s figures come a few days ahead of March’s inflation figures which will be released by the ONS on Wednesday.
Inflation fell in February after it was helped by a drop in woman’s clothing.
But it still remained above the Bank of England’s target of 2%.
Inflation is a measure of how much the prices of everyday goods such as food and clothes, and services such as train tickets and haircuts, have increased compared to a year earlier.
Elsewhere, the rate of UK unemployment also remained unchanged at 4.4% in the three months to February.
