Wage growth may be starting to slow in the UK, although all sectors still reported above inflation pay rises - from a low of 3.0% in construction to 6.7% in finance and business services.
That could mean wage growth starts to fade from here, as we annualise pay rises made in the second half of last year. If so, it would be among the last pandemic hangovers to fade, and could mean we see interest rates start to fall quite quickly.
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