Wages have overtaken inflation for the first time in two years as signs emerge that the cost of living crisis may be easing up.
Wages rose 7.8% between July and August - much down to the private sector - with inflation sitting at 6.7% in the year until August. That remains more than three times higher than the government aim of 2%.
Public sector wages are up 6.8%, while private sector pay rose 8%.
Despite that, the Office of National Statistics (ONS) say the public sector rise is the biggest since comparable records began in 2001.
Overall, it's the first time that pay has been higher than inflation since October 2021.
Employees in the finance and business services sector saw the largest annual regular growth rate at 9.6%.
That was followed by the manufacturing sector at 8.0%, one of the highest annual regular growth rates for the manufacturing sector since 2001.
FTSE 100
The UK's top share index, the FTSE 100, was down three-points at 7,671, shortly after opening this morning.
Brent crude futures were up 1.67% this morning at $91.40 a barrel.
Companies reporting today
Barrett Developments has a Q1 trading statement.
Netflix, Tesla and Volvo are reporting Q3 results.
Segro has a Q3 trading statement.
Whitbread is reporting half-year results.