Figures on wage growth this week are expected to deliver a £400 increase in the state pension next year.

Data will show that average wage rises will be higher than the two other measures in the triple lock which determines the annual rise from next April.

The triple lock ensures that the state pension rises by whichever measure is highest of inflation, average earnings increases, or 2.5%. Wage growth is smaller than in recent years, but remains comfortably above inflation.

Confirmation of the rise will be bitter-sweet for pensioners who face a cut to the winter fuel allowance and a backbench rebellion, joined by SNP MPs, will take place in the Commons on Tuesday to have it overturned.

TUC general secretary Paul Nowak said he was ”really concerned” by the impact of means testing winter fuel payments.

As trade unions gather in Brighton for their annual congress, he said he wants more support for pensioners but stopped short of calling on the chancellor to reverse her decision.

Data on employment and output is also due out this week and will inform decision makers ahead of the next potential move on interest rates and the Labour government’s longer term aim to boost growth.

The European Central Bank is expected to follow the Bank of Canada and cut rates when its Governing Council convenes in Frankfurt this week.

The Bank of England (BoE), having made its first cut in August, is expected to implement further cuts this year, although not necessarily at its meeting on 19 September.

Among corporate announcements, the Edinburgh-based Artisanal Spirits Company, owner of the Scotch Malt Whisky Company, will report half-year figures on Tuesday.

In an update in July it said the positive profit momentum which characterised the second half of last year has continued through H1 FY24, with a c£1m year on year increase in EBITDA.

Launches in new markets such as Taiwan, the acquisition of Single Cask Nation (SCN) in January of this year and the development of our members’ cask sales programme, enables ASC to mitigate the group’s exposure to any given market, such as China where trading continues to be challenging.

With a larger, more diversified business, China is increasingly proportionately smaller for the group.

Civil engineer and construction company Kier Group said its core businesses are well-placed to benefit from investment in UK infrastructure, particularly in water, affordable homes and public housing maintenance.

The group said its full year FY24 results, due on Friday, should be above the prior year and in line with market expectations, reflecting a strong operational performance.

DIARY

Monday 9 September

• First-half results from Computacenter
• Trading statement from C&C
• TUC takes place in Brighton until Wednesday
• Japanese GDP growth
• Chinese inflation

Tuesday 10 September

• First-half results from Artisanal Spirits Company, Serica Energy
• UK unemployment, job vacancies and wage growth

Wednesday 11 September

• Full-year results from Ricardo, WH Smith
• First-half results from Gym Group and Trustpilot
• UK GDP growth
• UK manufacturing, industrial and construction output

Thursday 12 September

• Full-year results from Renishaw and Kier
• First-half results from Spire Healthcare, FeverTree Drinks,
• European Central Bank meeting
• US producer price inflation
• US weekly initial unemployment claims

Friday 13 September

• EU industrial production