By Chris Dorrell Wage growth did not budge in the first quarter of the year as the Bank of England deliberates on whether to cut interest rates at its next meeting in June. Annual pay growth excluding bonuses averaged 6.0 per cent between January and March, according to figures from the Office for National Statistics (ONS), unchanged from 6.0 per cent last month and slightly ahead of expectations. Including bonuses, pay growth came in at 5.7 per cent, unchanged from last month’s upwardly revised figure of 5.7 per cent. Economists had expected it to fall to 5.5 per cent. Unemployment meanwhile …