By Chris Dorrell Starting salary inflation fell to a 34-month low in January, according to a new report, as evidence stacks up that the Bank of England’s rate hikes are contributing to increasing slack in the labour market. Strong pay growth has concerned policymakers at the Bank who are concerned about the possible implications for inflation. But pay rises have slowed over recent months, and new figures from the KPMG-REC jobs survey suggests it will continue to do so. With a reading at 55.8, starting salary inflation slipped to its slowest rate since March 2021 and was comfortably below the s…