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Old 24-09-2015, 14:28   #46
Hugh
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Re: The Bank of England may have to cut rates to combat low inflation

Some evidence to support your statement.

Grauniad
Quote:
UK average earnings have been growing at the fastest rate since 2009, official figures have estimated.

Between May and July, average earnings excluding bonuses grew 2.9% compared with the same period last year, the Office for National Statistics said....

....Private sector pay rose by 4.4%, comparing the three months to July to the same period a year earlier, while public sector pay edged up by just 0.6%.
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