From 38m ago 02.22 EST Introduction: UK wage growth slows Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy. UK wage growth has slowed, and vacancies have dropped again, as Britain’s labour market cools in the face of a weak economy and high interest rates. New data just released by the Office for National Statistics show that average basic pay (excluding bonuses) grew by 7.3% per year in the August-October quarter. That’s down from 7.8% growth a month ago. Including bonuses, pay growth was slightly slower – up 7.2% year-on-year. Again, that’s quite a slowdown on the 8% total…
