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Evening Standard
Evening Standard
Business
Jonathan Prynn

Cooling in jobs market reduces pressure on Bank of England to raise interest rates

Interest Rates Unemployment

Growing signs of a cooling jobs market today eased the pressure on the Bank of England to raise interest rates once again next month.

The latest data from the Office for National Statistics (ONS) came on the day that Vodafone revealed that it will shed 11,000 jobs over the next three year, many of them in the UK.

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