Brexit latest: Wage growth weakens to 2.3 per cent annual rate in January

Wage growth weakened again in January, making a near term interest rate hike from the Bank of England less likely.

Average wages excluding bonuses were up just 2.3 per cent year on year in the month, down from a rate of 2.6 per cent in December, according to the latest labour market report from the Office for National Statistics.

The three month on three month annual rate of growth for total average pay

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