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UK pay growth slows as jobs market stalls
Wage growth has slowed and the UK jobs market is showing signs of stalling, according to latest official figures. Pay growth, excluding bonuses, eased to 7.3% in the three months to October while the number of vacancies dropped. But while earnings are not rising as quickly as before, they are still outpacing inflation - which measures the rate at which prices are going up. This suggests that the Bank of England is less likely to cut interest rates anytime soon. The number of people on payrolls eased while UK job vacancies also continued to fall, this time by 45,000 between September and November. "This is now the ... (full story)