National Living Wage Rise Could Mean Stickier Inflation, Economists Warn
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The almost 10% rise in the UK minimum wage will be another obstacle for policy makers trying to get inflation to stay down at target levels but it could boost spending across the economy, according to some economists.
The potential inflationary impact of the pay hike to the UK's lowest earners could also result in a longer wait before the Bank of England reduced interest rates, experts suggested.