10 months ago
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Bank of England will be monitoring figures as it decides whether to cut interest rates this week
Pay growth in the UK is falling sharply amid signs that jobs are becoming harder to find in a stagnant economy, the latest official data shows.
In its latest health check on the labour market, the Office for National Statistics said growth in total average earnings had dropped from 8% to 7.2% in the three months to October – a much bigger drop than the financial markets had been predicting.
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