The Bank of England's survey shows that UK businesses have lowered their salary rise expectations for this year.

Jin10 data reported on July 3rd, on Thursday, a survey released by the Central Bank of the UK showed that British businesses have lowered their expectations for wage growth over the next year. The survey indicated that companies expect wages to rise by 3.6%, a decrease of 0.1 percentage points from the three-month moving average. The survey also stated that in June, 29% of British businesses expected their sales to decline in the coming year due to changes in US trade policy, while 24% of companies anticipated a decrease in their capital expenditures.

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