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U.K. Joining Salaries Rising at the Fastest Rate Since 1997

  • REC-KPMG survey finds growing shortage of candidates in March
  • Labor market keeps pressure on BOE, despite living costs shock
Commuters cross London Bridge in the City of London.

Commuters cross London Bridge in the City of London.

Photographer: Jason Alden/Bloomberg
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U.K. companies are jacking up starting salaries at a record pace, and some of the country’s biggest grocery chains are already raising pay as labor shortages hand workers unprecedented bargaining power.