Pay growth slows to weakest in a year despite fall in joblessness

Jobless rate declines to 4% in the three months to June, the lowest since the winter of 1975

Pay growth in Britain has slowed to its weakest in almost a year despite a fall in the jobless rate to a fresh 43-year low and the biggest annual drop in workers from the EU since modern records began more than two decades ago.

Figures from the Office for National Statistics (ONS) showed wage inflation cooling in the second quarter of 2018 even though unemployment fell from 4.2% to 4.0% - its lowest level since the winter of 1974-5.

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