Bumper UK pay rises could be a thing of the past as inflation eases
by Phillip Inman from Economics | The Guardian on (#6H2Y3)
Bank of England could hold interest rates steady despite markets' expectations of cuts in new year
Workers in the UK 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.
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