UK earnings growing at fastest rate in more than two years
by Larry Elliott Economics editor from on (#3JQVF)
Interest rate rise looms as wages increase more than expected in three months ending in January
Higher interest rates from the Bank of England have moved a decisive step closer after the latest official figures showed earnings growing at their fastest rate in more than two years.
The latest snapshot of the labour market from the Office for National Statistics showed that a record high level of employment and a drift from part-time to full-time work pushed up wages in the three months ending in January.
Related: UK wage growth accelerates as employment rate hits record high - business live
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