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Bank raises growth forecast

The Bank of England upgraded its growth forecast for 2013 from 1.4% to 1.6% today and announced "the recovery has finally taken hold". The moves comes after government figures showed unemployment had fallen by 48,000.

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Number of people in work reaches high of 30 million

The number of people in work has reached a record high of almost 30 million, according to figures released by the Office of National Statistics.

The number of people in worked has reached a record high. Credit: Press Association

Average earnings increased by 0.7% in the year to September, 0.1% down on the previous month.

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