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Evening Standard
Evening Standard
Business
Jonathan Prynn

Wage growth accelerates to 5.6% in new headache for the Bank of England

Office for National Statistics Bank of England
Real wage growth accelerated to its fastest rate in more than three years (Alamy/PA) -

Workers’ living standards are rising at their fastest rate in three and a half years, new official figures reveal today.

The rate of pay growth unexpectedly jumped to 5.6% in the three months to November in good news for disposable incomes but a potential setback to hopes for an interest rate cut next month.

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