Bank of England Governor Mark Carney
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Mark Carney predicts real terms wage rises 'next year'

Bank of England governor Mark Carney has told the UK's trades unions that wages should start rising in real terms "around the middle of next year" and "accelerate" afterwards.

Addressing the annual conference of the TUC, he said workers "deserved" more money and added that unemployment should fall to 5.5%.

Mr Carney said that interest rates should start rising next spring.

John Moylan.

  • 09 Sep 2014
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