By Live Commentary

Updated: 07:44 GMT, 12 December 2023

The FTSE 100 will open at 8am. Among the companies with reports and trading updates today are Unilever, Sosandar and Begbies Traynor. Read the Tuesday 12 December Business Live blog below.

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Wage growth slows in Q3

Wage growth slowed to 7.3 per cent in the three months to 31 October, lower than forecasts of 7.4 per cent, but will remain a cause for concern for the Bank of England as it struggles to drag inflation back to its 2 per cent target.

Fresh data from the Office for National Statistics shows a slowdown in regular pay growth from an upwardly revised reading of 7.8 per cent growth in the three months to September and from a peak of 7.9 per cent immediately before that.

Including bonuses, which are typically volatile, pay growth slowed to 7.2 per cent from 8 per cent in the three months to September.

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BUSINESS LIVE: Wage growth slows; Unilever faces eco claims probe; FCA warns platforms on client cash gains



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