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UK pay puzzle deepens, easing pressure on Bank of England

Reuters  |  LONDON 

By William Schomberg and David MillikenLONDON (Reuters) - Britain's job market is defying the Brexit blues but wages are still in the dumps, data showed, suggesting the Bank of England will tread carefully on Thursday with any signals about when it may finally raise interest rates.The sub-inflation pay growth could also add to the pressure on Prime Minister Theresa May to raise public sector wages, a day after she agreed to ease seven years of salary constraints - but only modestly and only for some state workers.Wednesday's data underscored how the economy is no longer following the once ...

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First Published: Wed, September 13 2017. 19:33 IST