Watch Business Live with Ian King: Wage development slows as newest unemployment figures launched

Join Ian King and friends as wage development has slowed however nonetheless stays effectively above the speed of inflation whereas unemployment is unchanged, in response to official figures.

Average weekly wage development, which excludes bonuses, eased to six.6% within the three months to November, from 7.3% a month earlier, the Office for National Statistics (ONS) stated.

It means pay packets grew sooner than the speed of value rises, which stood at a greater than two-year low of three.9% as much as November. When bonuses have been factored in, pay grew 6.5%.

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