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Wage squeeze continues for British households

Wage growth fell behind inflation for a seventh month in a row, according to new employment figures.
The Office for National Statistics said average weekly wages rose by 2.3% in the three months to October, below inflation at 3%.
Real earnings, which take into account the cost of living, fell by 0.4%
Unemployment declined by 26,000 to 1.43 million, while the jobless rate remained at 4.3%, the lowest since 1975.
However, while unemployment fell, the decline was not as steep as the 59,000 drop recorded in the three months to September.
The pressure on household finances is likely to worsen as the most recent figures for inflation showed a rise to 3.1% in November - the highest in nearly six years.
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