UK Economics Correspondent, London
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Jul 23, 2014
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Jul 16, 2014

British pay growth slows to record low even as jobless rate falls

LONDON (Reuters) – British workers’ earnings grew at the slowest rate on record in the three months to May, one gauge showed, even as unemployment fell further, giving the Bank of England pause for thought as it prepares to start raising interest rates.

Official data released on Wednesday showed earnings excluding bonuses rose by an annual 0.7 percent in the three months through May.

Jul 15, 2014

UK inflation jumps in June, rate hike bets brought forward

LONDON, July 15 (Reuters) – British inflation surged to a
five-month high last month and house prices rose at their
fastest rate in years, prompting investors to increase bets on
an interest rate rise before the end of 2014.

Underlining the challenge facing the Bank of England as it
tries to manage Britain’s accelerating economic recovery,
consumer prices rose 1.9 percent on the year in June, official
ONS data showed.

Jul 15, 2014