Salem Radio Network News Saturday, September 20, 2025

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UK wages are rising at a record pace. That makes higher interest rates more likely

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( AM BiZ ) -q-20- UNDATED (Correspondent Jeremy House) “began in 2001.”

Wages in the U.K. are rising at a record high rate amid stubbornly high inflation.

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TAG: Correspondent Jeremy House reporting. For months, workers have been seeking pay that keeps pace with high inflation, which is running at 8.7% despite declines in energy prices and a series of interest rate increases from the Bank of England.

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VERBATIM: That’s bolstered expectations that interest rates will increase again — to the worry of many homeowners who are seeing their mortgage payments spike. Britain’s Office for National Statistics said wages, excluding bonuses, rose by 7.3% in the three months to May. That matches the highest rate since records began in 2001.

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