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Evening Standard
Evening Standard
Business
Jonathan Prynn

Door opens wider to rate cuts as wages rise at slowest pace for more than two years

Inflation Bank of England MHA The Monetary Policy Committee Unemployment

Pay rises dropped to their lowest rate for more two years over the summer latest official figures show today.

Basic wages rose by an annual rate of 4.9% in the three months to August, according to latest data from the Office for National Statistics (ONS).

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