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UK Wage Growth Strongest Since Global Crisis; Employment At Record High

UK wages grew at the fastest pace since the 2008-09 global financial crisis and employment reached a record high in the second quarter, despite contraction in the economy, data from the Office for National Statistics revealed Tuesday. Total average weekly pay grew 3.7 percent in the year to June to GBP 538. This was the strongest growth rate seen since June 2008 and was in line with expectations
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