UK wage growth slows as employment rises
by Phillip Inman Economics correspondent from on (#147SG)
Latest jobs figures also show that the unemployment rate remains at 5.1%
A first UK interest rate rise since the financial crash appears to be even further away after official figures showed that wages growth last year dipped to 1.9%.
Wages growth, which is watched carefully by the Bank of England for signs of inflation, lost momentum in December from a high of 3.3% last summer as the global slowdown in trade and turmoil on world stock markets hit the previously buoyant UK economy.
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