UK Wage Growth Slows: State Pension on the Rise Amid Global Economic Turbulence The latest data from the Office for National Statistics (ONS) reveals a slowing down of wage growth in the UK.
Average earnings growth eased to 3. 9% in the three months to July, which will push the annual state pension up by £488 from April to over £13,000.
This development comes as a warning sign for the Bank of England, already grappling with global economic turmoil triggered by the Iran war.