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Bumper UK pay rises could be a thing of the past as inflation eases


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Bank of England could hold interest rates steady despite markets’ expectations of cuts in new year

UK pay growth drops sharply as job vacancies fallBusiness live – latest updates

Workers achieved a fifth month of inflation-busting wage rises in October, but bumper pay rises could be a thing of the past, according to the Office for National Statistics.

The average wage increase without bonuses was 7.3% in October, down from 7.8% in the latest ONS data.

Continue reading…Bank of England could hold interest rates steady despite markets’ expectations of cuts in new yearUK pay growth drops sharply as job vacancies fallBusiness live – latest updatesWorkers achieved a fifth month of inflation-busting wage rises in October, but bumper pay rises could be a thing of the past, according to the Office for National Statistics.The average wage increase without bonuses was 7.3% in October, down from 7.8% in the latest ONS data. Continue reading…