UK pay growth slows as job vacancies hit five-year low

Iran war prompts cost of living squeeze for workers as ONS reports unemployment rate stays at 4.9%Business live – latest updatesWage growth in the UK slowed in June, official figures show, and vacancies hit a five-year low as workers come under pressure from a renewed cost of living squeeze amid the economic impact from the Iran war.Figures from the Office for National Statistics show average growth in total earnings, including bonuses, fell to 4.1% in the three months to June, down from 4.4% in the three months to May. City economists had forecast a larger fall to 4%. Continue reading...