LONDON (Reuters) -British businesses have trimmed their expectations for wage growth over the coming year, a Bank of England survey conducted in June showed on Thursday. Firms expected wage growth of
UK Businesses Lower Wage Growth Expectations for the Coming Year
LONDON (Reuters) -British businesses have trimmed their expectations for wage growth over the coming year, a Bank of England survey conducted in June showed on Thursday.
Firms expected wage growth of 3.6%, down 0.1 percentage points on a three-month moving-average basis, according to the survey.
It added that in June, 29% of British businesses expected sales to be lower in the year ahead due to U.S. trade policy changes, while 24% of firms expected that their capital expenditures would be lower.
(Reporting by Muvija M; editing by William James)
