This is hard to reconcile with the more reliable but less up-to-date quarterly figures, showing pay rises at 3.7%, lagging price inflation. But statistical confusion will work itself out over time. Meanwhile, these figures will do nothing to discourage the Bank of England from raising interest rates a third time the next time its interest rate setters meet.
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CF Industries: Government to meet CO2 firm’s costs to start plant
admin, , Business, 0
Now, there is a three week window for government, supermarkets and food producers to come up with a “sustainable...
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Alan Bates says Post Office run by ‘thugs in suits’
admin, , Business, 0
In response to a letter from former postal affairs minister Sir Ed Davey in 2010, Mr Bates wrote back:...
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Sunak: Ministers doing all we can to fix supplies for shops
admin, , Business, 0
The Chancellor said shoppers “should be reassured” the government is working to fix port delays.
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Retail sales fall in May as shoppers dine out
admin, , Business, 0
Paul Dales, chief UK economist at Capital Economics said that while the 1.4% fall in retail sales was “disappointing”,...
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Rail disruption set to continue into next week after train cracks found
admin, , Business, 0
He told BBC business correspondent Katy Austin that while body shell cracking would not “cause the trains to crash...
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Post Office victims had lives ‘utterly destroyed’
admin, , Business, 0
Mr Stein added that the latest phase of the inquiry had shown an “appalling lack of professionalism of lawyers,...
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Jail people for Post Office scandal, says minister
admin, , Business, 0
“We do need to compensate people, that’s the first thing we need to do and we haven’t been compensating...
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Razzlekhan and husband guilty of $4.5bn Bitcoin launder
admin, , Business, 0
When the hack happened, Bitfinex customers took an enforced “haircut”, losing 36% of their assets held by the crypto...
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