LONDON, Aug 15 (Reuters) – Basic wages in Britain surged to hit a new record growth rate, figures showed on Tuesday, adding to worries for the Bank of England about long-term inflation pressures even after 14 back-to-back increases in interest rates.
Official data showed some fresh signs of cooling in the jobs market with the unemployment rate unexpectedly rising to 4.2% from 4.0%, the highest since the three months to October 2021.
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