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U.K. Wage Growth Slowed in July, Led by Services, VocaLink Says

Take-home pay growth at Britain’s largest listed companies slowed in July from a 28-month high, led by the services industry, VocaLink Ltd. said.

Incomes after tax and other deductions climbed 2.9 percent in the three months through July from a year earlier, the group said in a statement in London today. That compares with 3.3 percent in the quarter through June, when the result was boosted by a tax change. Wage growth at service companies slowed to 2.9 percent from 3.4 percent.