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UK interest rate cuts less likely after pay growth accelerates – business live

Rolling coverage of the latest economic and financial news, as UK wage growth rises to 5.2%

On today’s labour force statistics, Work and Pensions Secretary, Liz Kendall MP says:

“Today’s figures are a stark reminder of the work that needs to be done.

To get Britain growing again, we need to get Britain working again – so people have good jobs which pay decent wages and offer the chance to progress.

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