Britain’s soaring wage inflation is likely to push the Bank of England to another sharp increase in interest rates this week. Investors and economists expect the UK central bank to raise its key rate a half point to 4% on Thursday. That would mark the highest since 2008 and the quickest string of hikes in three decades. The move will deliver more pain for households already struggling with the tightest cost-of-living squeeze in memory. More than 1 million public sector workers are set to walk off the job this week in protest that their wages aren’t keeping up with inflation, which rocketed to a 41-year high last ... (full story)