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Personal Finance

LONDON (Reuters) - British workers' overall pay rose at the fastest pace in more than two years during the three months to January, bolstering the chances that the Bank of England will raise borrowing costs in May.
LONDON (Reuters) - Pay awards by British employers are rising by the most in more than two years, according to a survey on Wednesday that suggests the Bank of England's expectations of higher pay are on track.
LONDON (Reuters) - British inflation was weaker than expected in February as the impact of the 2016 Brexit vote faded, easing some of the squeeze on households' spending power but doing little to change bets on a Bank of England rate rise in May.
LONDON (Reuters) - BT said on Monday it would close its defined benefit pension scheme after it struck an agreement with a major union on the future arrangements for 20,000 staff.
LONDON (Reuters) - Britain's pensions regulator will be able to impose "punitive fines" on companies which put their pension schemes at risk, the government said on Monday in a document outlining proposals to strengthen powers to protect employees after retirement.