UK earnings growth slowed to its lowest for more than two years as the rate of unemployment also surprisingly dropped, according to official figures.The Office for National Statistics (ONS) revealed that regular wage growth was 5.4% year on year over the three months to June.However, this slipped from 5.7% in the previous three months and represented the smallest increase since the period to July 2022.

UK earnings growth slowed to its lowest for more than two years as the rate of unemployment also surprisingly dropped, according to official figures.The Office for National Statistics (ONS) revealed that regular wage growth was 5.4% year on year over the three months to June.However, this slipped from 5.7% in the previous three months and represented the smallest increase since the period to July 2022.