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UK pay growth slows to 3.9% before crunch interest rates decision
EconomicsUK unemployment and employment statisticsInterest ratesBank of England
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Figure likely to dictate rise in state pension triple lock, as workers face inflation squeeze fuelled by oil price risesBusiness live – latest updatesWage growth in the UK slowed in July as workers came under pressure from a renewed cost of living squeeze fuelled by the Iran war, highlighting the challenge for the Bank of England as it prepares to set interest rates.Figures from the Office for National Statistics (ONS) show average growth in total earnings, including bonuses, eased to 3.9% in th
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