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Skills shortages in UK pushing up workers’ pay, says survey

Growing skills shortages in the UK jobs market are starting to drive up wages, according to a survey, as more companies across the country report difficulties finding staff.

In a sign that workers’ pay is gradually rising after a “lost decade” of sluggish growth since the financial crisis, private-sector employers said they were expecting to award annual pay increases of about 2.5% on average this year, up from 2% at the end of last year.

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