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Slowing British Wage Growth Signals Cooling Labor Market Conditions

The UK wage growth slowed in the three months to August, signaling cooling labor market conditions and strengthened expectations that the Bank of England is unlikely to raise interest rates again to withstand wage-driven inflationary pressures. ....

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UK Wage Growth Strengthens Case For Rate Hike

The UK total pay grew more than expected in the three months to February and higher job vacancies again strengthened wage demands, official data revealed Tuesday, adding the call for a quarter-point interest rate hike from the Bank of England next month. ....

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