Wages are continuing to be squeezed by rising inflation as unemployment falls to a new record low, new data revealed today. Jobs figures from the Office for National Statistics show wages grew at 2 per cent in the last three months - compared to the current inflation rate of 2.7 per cent. The data showed both unemployment continuing to fall and the number of people in work at new record highs. But a fall in real wages will raise uncertainty in the wider economy. The shift has been fuelled by the sinking value of the pound after the Brexit vote.
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