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King gives warning on wages as Darling strengthens Bank

Bank of England Governor Mervyn King last night warned that people would have to bear a squeeze on real take-home pay this year, and lambasted those who claimed the Monetary Policy Committee should focus on growth rather than inflation.

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IAN McCONNELL, Business Editor

Bank of England Governor Mervyn King last night warned that people would have to bear a squeeze on real take-home pay this year, and lambasted those who claimed the Monetary Policy Committee should focus on growth rather than inflation.