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Wages rose quicker than inflation in the first quarter of 2018, at an annual rate of 2.9 per cent, against 2.7 per cent rate for inflation. Unemployment fell to 1.42 million — at 4.2 per cent the lowest level since 1975. BT said it would cut 13,000 jobs over three years, about 12 per cent of its workforce, to save £1.5