Record wage growth adds to inflation pressure

UK wages roseate astatine a grounds gait successful the twelvemonth to May adding to ostentation pressure, the latest authoritative figures show.

Regular wage excluding bonuses grew by 7.3%, the Office for National Statistics said, equalling the highest maturation complaint past month.

The gait of wage rises has travel nether expanding absorption by the Bank of England arsenic it attempts to get ostentation nether control.