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flag In May, UK wage growth slowed to a 5.7% annual pace, marking the lowest quarterly figure since August 2022.

flag UK wage growth slowed in May, marking the lowest quarterly figure since August 2022, with earnings growing at an annual pace of 5.7%. flag Despite the slowdown, wages continue to outpace inflation, increasing the likelihood of an interest rate cut in August. flag The Bank of England is closely monitoring the UK's jobs market and wages as it considers whether to reduce interest rates from their current level of 5.25%.

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