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Wage growth in Britain accelerates even as jobless rate rises

The jobless rate has risen to 5.6 per cent, the first increase since the fourth quarter of 2013.


UK wage growth accelerated to the fastest pace in more than five years while the jobless rate rose, creating a mixed picture for policymakers assessing the timing for the first interest rate increase. The pound fell.

Total pay increased an annual 3.2 per cent in the three