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UK wage growth and economic concerns amid new border controls

2024-02-19 00:00

Recent data shows UK wages are on the rise, potentially lifting living standards, yet the Bank of England harbors concerns. Despite steady inflation rates, there's speculation on the UK's economic recession status at last year's end. The Office for National Statistics reports a consistent 4% inflation rate into January, with the Chancellor emphasizing the struggle to meet the 2% inflation

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