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19.03.202607:22:10UTC+00UK Total Pay Growth Softens to Multi-Year Low

In the UK, total average weekly earnings including bonuses rose by 3.9% year-on-year to GBP 742 in the three months to January 2026. This matched market expectations but was down from the 4.2% increase recorded in the previous three-month period, marking the slowest pace of wage growth since the three months to November 2020.

In the private sector, wage growth eased to 3.5% from 3.8%, remaining at its weakest rate since early 2021. Public sector pay growth also slowed, falling to 5.9%—its lowest level since July–September 2025—after a 7.0% increase previously.

After adjusting for inflation, total earnings rose by 0.5% over the period, unchanged from the prior reading and still the weakest real wage growth since mid-2023.

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