Ella 
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In the 12 months to September, wage growth in the UK was again higher than in the previous month. Expectations for wage growth over the next 12 months are also slightly higher than in August.
It’s certainly good that inflation has eased over the past few months, but developments in wages suggest that inflation may be more stubborn than the BoE currently hopes.
The findings raise concerns that the Bank of England is not doing enough to combat rising inflation, which could put further pressure on sterling. At least until there is compelling evidence that inflation is sustainably falling.
