Hopes are raised for an interest rate cut next year as figures show pay growth has slowed sharply Chancellor Jeremy Hunt said it was positive to see inflation continuing to fall Inflation came down from 11.1 per cent last autumn to 4.6 per cent today By John-paul Ford Rojas Associate City Editor Updated: 03:14 EST, 13 December 2023 e-mail 17 View comments Hopes for an interest rate cut in the first half of next year have been reinforced after official figures yesterday showed that pay growth has slowed sharply. Average weekly earnings rose by 7.3 per cent in the three months to October compared with the same period last year,…
