Interest rate cut hopes raised by slowing wage growth

A slowdown in the rate of pay growth has raised expectations that UK interest rates will be cut next month.Pay grew at its slowest rate for more than two years between June and August, increasing at 4.9% for the year.The figures have added to widespread expectations that UK interest rates will be cut to 4.75% from 5% when the Bank of England meets in November.Pay is still rising faster than inflation - the rate…