UK Pay Settlements Dip to 3% Easing Pressure on Bank of England

British employers lowered their pay deals in the three months to April back to levels last seen in mid-2025, according to figures released on Wednesday by human resources data firm Brightmine which add to signs of a slowdown in the labour market.

UK Pay Settlements Dip to 3% Easing Pressure on Bank of England. British employers lowered their pay deals in the three months to April back to levels last seen in mid-2025, according to figures released on Wednesday by human resources data firm Brightmine which add to signs of a slowdown in the labour market. The Bank of England is watching pay awards with a focus on the busy month of April as it gauges inflation pressures in Britain's economy, which investors view as very exposed to higher energy prices caused by the war in Iran. Official data published on Tuesday showed average weekly earnings, excluding bonuses, rose by 3.4% in the first three months of 2026 compared with the same period of 2025, the weakest annual increase since 2020. Brightmine said the median pay deal was 3.0% in the three months to April, down from a revised 3.4%...