UK wage growth steadies as hiring stalls

Paul Dales, at the consultancy Capital Economics, said the steadying of pay growth in private sector pay suggested that the BoE would continue to lower borrowing costs gradually.

“[Consumers] look at how much they spend on their utility bill or their weekly food shop and conclude that these costs aren’t going down, so the cost of living crisis is still going on,” said Paul...

Paul Dales, chief UK economist at Capital Economics, a consultancy, said that a rate cut next month already seemed “nailed on” before the September inflation figures, but added: “The chances of that...