Average wages in the UK have risen, and people are earning more in real terms when price rises are taken into account, official figures have shown.But the latest dataset from the Office for National Statistics (ONS) shows pay growth has been slower in recent months, and there are ongoing signs the jobs market is weakening.It has prompted experts to weigh in on whether the Bank of England can start thinking about cutting borrowing costs this year.

Average wages in the UK have risen, and people are earning more in real terms when price rises are taken into account, official figures have shown.But the latest dataset from the Office for National Statistics (ONS) shows pay growth has been slower in recent months, and there are ongoing signs the jobs market is weakening.It has prompted experts to weigh in on whether the Bank of England can start thinking about cutting borrowing costs this year.