ONS data shows genuine-terms wage growth of 4.7% in three months to the end of June,which helped to cement 0.7% increase in GDP in the moment quarterBritish workers secured average genuine pay rises of 4.7% in the three months to the end of June, putting pressure on the Bank of England to raise interest rates early next year.
The jump in earnings cemented the 0.7% increase in GDP in the moment quarter, and along with an unexpected rise in trade and a strong upwards revision in the construction sector,according to official figures.
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Source: theguardian.com