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The Independent UK
The Independent UK
National
Adam Forrest and Matt Mathers

Bank of England may hike interest rates after record increase in wages

Unemployment Office for National Statistics
PA Wire

Wage increases in the UK have soared to a new record high – but are still being outpaced by stubbornly persistent inflation, figures show.

The Office for National Statistics said regular pay rose by 7.8 per cent between April and June, almost as high as the 7.9 per cent level of inflation.

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