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....“Wetherspoon is extremely confident that it can switch from EU suppliers, if required, although we would be very reluctant to initiate such actions,” said Martin. He added that EU leaders needed to take a “wise-up pill in order to avoid causing further economic damage to struggling economies like Greece, Portugal, Spain and Italy – where youth unemployment, in particular, is at epidemic levels”. ... [Read full article on Guardian ]
Friday 15th of September 2017 07:00:46 AM
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.... Activity increased in the housing market, pushing up property prices and generating a feelgood factor among those fortunate enough to be owner-occupiers. With the collapse in oil prices driving inflation down to zero, the years 2013-16 were good years for consumers: their pay packets went further, unemployment was falling and house prices were going up. ... [Read full article on Guardian ]
Monday 18th of September 2017 05:26:02 PM
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....Explaining its view, the Bank pointed to encouraging recent indicators of economic strength. Data this week showed unemployment has reached a 42-year low of 4. ... [Read full article on Guardian ]
Thursday 14th of September 2017 01:24:03 PM
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....To the delight of many, nonetheless, Tsipras, the man who set Europe ablaze with Marxist ideology and anti-austerity rage back in the heady days of January 2015, is becoming more pragmatic by the day. The 42-year-old’s embrace of the free-market policies he once abhorred was cemented last Sunday, when he announced that he would personally oversee the foreign investment drive now viewed as key to curing the curse of Greece’s unemployment rate. ... [Read full article on Guardian ]
Saturday 16th of September 2017 03:00:15 PM
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....“The banking crisis has led to a real ‘them and us’ culture,” she said. Figures released on Wednesday showed wage rises have failed to keep pace with inflation, despite a buoyant labour market in which unemployment has fallen to its lowest level since 1975. ... [Read full article on Guardian ]
Wednesday 13th of September 2017 12:16:45 PM
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.... Here, there are some encouraging signs. Britain now has the lowest level of unemployment since the mid-1970s and there are positive indications for the manufacturing sector, buoyed by the weak pound. ... [Read full article on Guardian ]
Sunday 17th of September 2017 01:38:31 PM
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. Wage rises in Britain have failed to keep pace with inflation, according to the latest official figures, despite a buoyant labour market that saw unemployment fall to its lowest level since 1975. ... [Read full article on Guardian ]
Wednesday 13th of September 2017 10:07:10 AM
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.... Globalisation keeps cheap goods and services flowing from China and other emerging markets. Weaker unions and workers’ reduced bargaining power have flattened out the Phillips curve, with low structural unemployment producing little wage inflation. ... [Read full article on Guardian ]
Tuesday 19th of September 2017 10:49:04 AM
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Latest Finance News related to Unemployment

Why central banks are not hitting their 2% inflation target image
Source : Guardian [Read Article] Tuesday 19th of September 2017 10:49:04 AM
.... Globalisation keeps cheap goods and services flowing from China and other emerging markets. Weaker unions and workers’ reduced bargaining power have flattened out the Phillips curve, with low structural unemployment producing little wage inflation. ...
UK debt is explosive – and it only needs a spark to light the fuse | Larry Elliott image
.... Activity increased in the housing market, pushing up property prices and generating a feelgood factor among those fortunate enough to be owner-occupiers. With the collapse in oil prices driving inflation down to zero, the years 2013-16 were good years for consumers: their pay packets went further, unemployment was falling and house prices were going up. ...
The eurozone may be back on its feet. But is Greece? image
Source : Guardian [Read Article] Saturday 16th of September 2017 03:00:15 PM
....To the delight of many, nonetheless, Tsipras, the man who set Europe ablaze with Marxist ideology and anti-austerity rage back in the heady days of January 2015, is becoming more pragmatic by the day. The 42-year-old’s embrace of the free-market policies he once abhorred was cemented last Sunday, when he announced that he would personally oversee the foreign investment drive now viewed as key to curing the curse of Greece’s unemployment rate. ...
The eurozone strikes back – why Europe is booming again image
Source : Guardian [Read Article] Saturday 16th of September 2017 03:00:15 PM
....2% for the world’s largest economy. Eurozone unemployment has fallen to the lowest level since 2009, while factories are humming again, with production up 3. ...
JD Wetherspoon boss: EU leaders should take a 'wise-up pill' on Brexit image
Source : Guardian [Read Article] Friday 15th of September 2017 07:00:46 AM
....“Wetherspoon is extremely confident that it can switch from EU suppliers, if required, although we would be very reluctant to initiate such actions,” said Martin. He added that EU leaders needed to take a “wise-up pill in order to avoid causing further economic damage to struggling economies like Greece, Portugal, Spain and Italy – where youth unemployment, in particular, is at epidemic levels”. ...
UK interest rates stay at 0.25% but Bank of England hints rise is looming image
Source : Guardian [Read Article] Thursday 14th of September 2017 01:24:03 PM
....Explaining its view, the Bank pointed to encouraging recent indicators of economic strength. Data this week showed unemployment has reached a 42-year low of 4. ...
Darling: Brexit would not have happened without banking crisis image
Source : Guardian [Read Article] Wednesday 13th of September 2017 12:16:45 PM
....“The banking crisis has led to a real ‘them and us’ culture,” she said. Figures released on Wednesday showed wage rises have failed to keep pace with inflation, despite a buoyant labour market in which unemployment has fallen to its lowest level since 1975. ...
UK wage rises lag behind inflation despite lowest jobless rate since 1975 image
Source : Guardian [Read Article] Wednesday 13th of September 2017 10:07:10 AM
. Wage rises in Britain have failed to keep pace with inflation, according to the latest official figures, despite a buoyant labour market that saw unemployment fall to its lowest level since 1975. ...
Forget the Parthenon: how austerity is laying waste to Athens' modern heritage image
.... But as the country’s financial crisis rumbles on, many also see it as a lesson of rebirth, of starting anew. In recent years, amid record levels of poverty and unemployment, municipal authorities have stepped in, linking up with private initiatives to rescue buildings from dereliction and collapse. ...
Can Macron and Merkel agree on how to fix the eurozone? | Barry Eichengreen image
Source : Guardian [Read Article] Monday 11th of September 2017 12:21:34 PM
.... The eurozone, he argues, needs its own finance minister and parliament. It requires a budget in the hundreds of billions of euros to underwrite investment projects and augment spending in countries with high unemployment, Macron insists. ...
To understand the UK's low-pay crisis, Mark Carney needs to get out more | Phillip Inman image
.... It disregards the dispute under its nose and believes that 3%-plus pay growth is around the corner. Listening to the speeches of some policymakers, anyone would think that with unemployment at a 40-year low of 4. ...
Personal finance: Britons keeping calm and carrying on despite Brexit image
Source : Daily Express [Read Article] Sunday 10th of September 2017 12:01:00 AM
.... . Russell Galley, managing director of Halifax Community Bank, says buoyancy is returning helped by strong recent jobs growth, which has seen unemployment fall to a 42-year low: “House prices should continue to be supported by low mortgage rates and a continuing shortage of homes for sale. ...
Tory EU migration crackdown plans: the key questions answered image
Source : Guardian [Read Article] Saturday 9th of September 2017 03:00:11 PM
.... Farmers were joined by all the major business lobby groups, which want more of an open-door policy than the government’s interpretation of the EU referendum vote appears to allow. Peter Gowers, chief executive of the hotel chain Travelodge, said: “Even if the hotel industry recruited virtually every person on the unemployment register there wouldn’t be enough people to fill all the roles needed in the 10 years following Brexit. ...
House prices hit record high as market shakes off Brexit doom-mongers image
Source : Daily Express [Read Article] Thursday 7th of September 2017 08:54:00 AM
....Price rises are likely to continue until the end of 2017, according to critics. Russell Galley, managing Director, Halifax Community Bank, said: “Recent figures for mortgage approvals suggest some buoyancy may be returning, possibly on the back of strong recent employment growth, with the unemployment rate falling to a 42 year low. ...
UK house prices rising amid shortage of properties, says Halifax image
Source : Guardian [Read Article] Thursday 7th of September 2017 08:42:06 AM
....The figures were surprising, as other surveys have suggested a slowdown in the housing market. Affordability is an issue as household incomes are being squeezed, with inflation outstripping wage growth, but this has been countered by low unemployment, low mortgage rates and a shortage of properties for sale. ...
Bell Pottinger has toxified political debate in South Africa | Justice Malala image
Source : Guardian [Read Article] Wednesday 6th of September 2017 05:59:41 PM
.... It is in the spatial arrangements: the pristine formerly whites-only suburbs (where a few of us black people now live) and their high walls, sitting miles away from the sprawling black squatter camps and townships that provide labour for the still – two decades after democracy – white-dominated economy. The face of unemployment, poverty and poor education is black. ...
Deutsche Bank boss says 'big number' of staff will lose jobs to automation image
Source : Guardian [Read Article] Wednesday 6th of September 2017 05:58:41 PM
.... For profit to occur, producers need a market to sell to in the first place. Keeping this in mind helps to highlight the critical flaw of the argument: if robots replaced all workers, thereby creating mass unemployment, to whom would the producers sell?”. ...
Leaked immigration plans ‘catastrophic’ for industry, say employers image
Source : Guardian [Read Article] Wednesday 6th of September 2017 11:16:38 AM
....Hospitality firms need at least 60,000 new EU workers a year in order to fill vacancies, according to research for the BHA by the accountancy firm KPMG. Peter Gowers, the chief executive of the hotel chain Travelodge, said: “Even if the hotel industry recruited virtually every person on the the unemployment register there wouldn’t be enough people to fill all the roles needed in the 10 years following Brexit. ...
The Brexit bill is cataclysmic. Only a swerve will save us | Polly Toynbee image
Source : Guardian [Read Article] Tuesday 5th of September 2017 05:00:33 AM
....But I hear too many remainers itch for disaster. Some yearn for the great “I told you so” vindication as trucks stack a hundred miles up on the M2 and “just-in-time” manufacturing and service industries grind to a halt, with unemployment soaring. ...
UK construction 'flirting with recession' as Brexit uncertainty bites image
Source : Guardian [Read Article] Monday 4th of September 2017 10:14:41 AM
.... The overall UK annual increase is about 5% in the first half of the year. However, there is support for house prices from low levels of unemployment – at the lowest point since the mid 1970s – and from rockbottom interest rates keeping mortgage costs low. ...
Robots and AI can bring down pension age, says TUC image
Source : Guardian [Read Article] Sunday 3rd of September 2017 11:01:03 PM
....There are concerns that the current phase of innovation could be more damaging, while the rewards from higher productivity have not necessarily translated into higher wages. The latest available figures show low levels of unemployment unseen since the mid-1970s, but growth in real wages remains negative as inflation outstrips a sluggish earnings growth. ...
US jobs growth misses forecasts as unemployment rises image
Source : Guardian [Read Article] Friday 1st of September 2017 02:09:54 PM
....The figures made for disappointing reading for Donald Trump, who hasput jobs and wage growth among the top priorities for his administration. There was a modest rise in the unemployment rate from 4. ...
Aberdeen joins councils raising money by selling bonds as cuts bite image
Source : Guardian [Read Article] Thursday 31st of August 2017 05:27:32 PM
....Aberdeen might benefit from expert economic advice owing to its reliance on the oil industry, which makes the city vulnerable to movements in the value of crude. A crash in prices in 2014 – from more than $100 (£78) a barrel when the Scottish independence referendum was held in 2014 to as low as $27 last year – led local unemployment rates to rise by a quarter. ...
Bank of England policymaker urges interest rate rise image
Source : Guardian [Read Article] Thursday 31st of August 2017 08:05:11 AM
....Britain needs higher interest rates to prevent inflation from heading back towards 3% and staying there for several years, according to Michael Saunders, one of the two dissenting Bank of England rate-setters to vote for a rise earlier this month. Saunders said the UK economy was able to withstand the impact of higher credit costs after a steep fall in unemployment that paved the way for an increase in wages and higher prices in shops. ...
​Some might pray for a house price crash, but be careful what you wish for | Patrick Collinson image
.... Last month, Paul Cheshire, a professor of economic geography at the London School of Economics, warned that they could fall as much as 40%. The eight biggest banks have been stress-tested by the European Banking Authority so that they can withstand house price falls of 35%, unemployment soaring to 12% and interest rates jumping to 4%. ...
How to reclaim mis-sold PPI for free image
Source : Guardian [Read Article] Friday 25th of August 2017 10:21:29 AM
....If you took out any kind of consumer loan, store card, credit card or mortgage in the 1990s or 2000s, you may have been mis-sold PPI. Go back through all your old loan and mortgage statements and check for any mention of an insurance to cover your payments if you lost your job through accident, sickness or unemployment. ...
Samsung heir sentenced to five years in jail after corruption conviction image
.... . The relationship was largely tolerated while the chaebol spearheaded rapid economic growth, but a rising income gap, youth unemployment and high-profile cronyism scandals including that which brought down former president Park Geun-hye have fuelled public anger. ...
The stress of low-paid work is making our country sick | Dawn Foster image
Source : Guardian [Read Article] Thursday 24th of August 2017 05:00:11 AM
....Heather’s experience isn’t unusual. Researchers from Manchester University this month released research showing poor-quality jobs are actually worse for mental health than unemployment. ...
'Growth is slowing in the UK, but picking up elsewhere' – experts debate Brexit data image
....The UK continues to look good in terms of employment, but employment is growing faster in continental Europe. In my view, it is likely that UK unemployment will rise over the next year, as growth is slowing, while the jobless total will continue to fall elsewhere in the EU. ...
Brexit economy: outlook positive but rocky negotiations could bring instability image
....Ministers are preparing for crucial Brexit talks this autumn against a backdrop of better news on jobs, inflation and the public finances as the UK economy displays signs of stability after a volatile start to the year, a Guardian analysis shows. The Guardian’s monthly tracker of economic news shows inflation coming close to its peak and the lowest levels of unemployment since the mid-1970s. ...
Former Lloyds boss Eric Daniels sues bank for withheld bonuses image
Source : Guardian [Read Article] Tuesday 22nd of August 2017 11:22:18 AM
.... During his tenure Lloyds was the biggest seller of PPI, and the scandal has so far cost the bank £18bn. Daniels told MPs in 2013 he thought Lloyds was on “the side of the angels” on PPI and that most of the policies his bank sold to cover people during illness or unemployment were sold correctly. ...
Robots will not lead to fewer jobs – but the hollowing out of the middle class | Larry Elliott image
.... That work is now done by motorised harvesters. The reason new technology has not been the cause of mass unemployment is that new kit will only be used when it makes the productive process more profitable. ...
Weak pound could boost manufacturing, if manufacturing itself wasn’t so weak image
.... The earlier Treasury paper had predicted what the economy might look like in 2030; the one published in May 2016 was about the immediate impact of leaving the EU. It predicted a year-long recession, an increase in unemployment of 500,000, turmoil in the financial markets and falling house prices – all of which turned out to be well wide of the mark. ...
BHP’s shale sale could happen: this is not a drill image
Source : Guardian [Read Article] Sunday 20th of August 2017 06:00:35 AM
.... Is Elliott’s 5% stake a large enough lever to move the biggest mining firm in the world?. Jacob Rees-Mogg, the Conservative politician famed for never having changed a nappy and definitely not wanting to be prime minister, this week tweeted the good news that unemployment had fallen to a 42-year low. ...
Rising inflation leads to sales falls in all UK retail sectors apart from food image
....“Despite consumers finding their purses a little lighter each month, the supermarkets continue to find ways to help shoppers adapt their spending rather than rein it in,” he said. The figures come as the economy shows greater signs of resilience than expected, with the UK recording its lowest level of unemployment since the mid 1970s. ...
UK car buyers turn to secondhand vehicles image
Source : Guardian [Read Article] Wednesday 16th of August 2017 03:16:50 PM
....Consumers got a glimpse of some respite this week from surging inflation after the vote to leave the European Union, as the consumer price index remained static at 2. 6%, while pay growth showed signs of edging up after the lowest level of unemployment since the mid-1970s potentially handed workers more bargaining power. ...
UK pay growth picks up as unemployment rate falls again image
Source : Guardian [Read Article] Wednesday 16th of August 2017 08:36:46 AM
. UK pay growth has started to edge up amid signs that the lowest level of unemployment since the mid 1970s may be increasing workers’ bargaining power. ...
Pound falls against dollar as inflation comes in lower than expected image
Source : Guardian [Read Article] Tuesday 15th of August 2017 05:10:12 PM
....The July inflation data is significant because it shows higher costs for consumers outstripping expected growth in pay, which the BoE has said could be hindered by uncertainty over Brexit harming companies’ willingness to raise wages. The Chartered Institute of Personnel and Development and recruitment firm Adecco said on Tuesday that basic pay over the next 12 months was expected to rise by just 1%, well below the pace of inflation, even amid low levels of unemployment. ...
Pound V euro: GBP slumps against EUR as UK inflation holds steady image
Source : Daily Express [Read Article] Tuesday 15th of August 2017 11:43:00 AM
....Looking ahead, the GBP/EUR exchange rate may stumble on Wednesday following the release of the UK’s latest employment data. Britain’s unemployment rate is expected to hold at a 42-year low of 4. ...
Japanese economy posts longest expansion in more than a decade image
Source : Guardian [Read Article] Monday 14th of August 2017 02:23:48 AM
. Japan’s economy expanded at the fastest pace for more than two years in the three months to June, with domestic spending accelerating as the country prepares for the 2020 Toyko Olympics and low levels of unemployment encouraged businesses to invest. ...
How Trump v Kim can wreck the world economy without a shot being fired | Larry Elliott image
.... When the financial crisis of a decade ago ended in a deep recession, demand for Chinese goods suddenly dried up. With the risk that factory closures and mass unemployment would breed political unrest, the Chinese government replaced the burst western credit bubble with a credit bubble of its own. ...
Too much hinges on house prices: but Britain may yet avoid a crash image
Source : Guardian [Read Article] Saturday 12th of August 2017 03:00:47 PM
.... The extremely difficult period in the late 80s and early 90s was caused by a doubling of interest rates from 7. 5% to 15%, which in turn led unemployment to rise to more than three million. ...
Jacques Delors foresaw the perils of austerity. How we need his wisdom now | Mark Seddon image
. During the darkest days of Thatcher’s de-industrialising, high unemployment, beggar-thy-neighbour dystopia of the early 1980s, there was one European leader who offered hope to the beleaguered ranks of industrial workers in the “rust belt” of former mining, steel, engineering, fishing and shipbuilding towns. ...
Pay is finally edging up, says Bank of England report image
Source : Guardian [Read Article] Wednesday 9th of August 2017 05:39:17 PM
. Long-awaited signs of pay growth have been detected by the Bank of England amid evidence that a steady fall in unemployment is making it harder to find staff. ...
Total UK wealth tops £10tn thanks to City and property boom image
Source : Guardian [Read Article] Monday 7th of August 2017 11:01:22 PM
....Russell Galley, the managing director of the Halifax bank, said the annual house price increase was the lowest seen since April 2013. “The rise in the employment level by 175,000 in the three months to May helped push the unemployment rate down to 4. ...
Why 'economic anxiety' doesn't explain One Nation and the far-right's return | Greg Jericho image
....2 million people:. The Grattan Institute’s latest working paper, Regional patterns of Australia’s economy and population, looks at the impact of these upheavals to see whether some of the increase in support for more protectionist and nationalistic parties and policies has been fuelled by economic factors that are hidden by general measures such as GDP and national unemployment rates. ...
House prices fall for FOURTH quarter in a row but here’s why homeowners shouldn't panic  image
....However, prices keep rising amid a low levels of supply. Russell Galley, managing director at Halifax Community Bank, said: “The rise in the employment level by 175,000 in the three months to May helped push the unemployment rate down to 4. ...
Employment statistics tell skewed story about UK jobs market Katie Allen image
....4 million people, or 18% of the labour force (taking a broader view than official statistics by also including those who are inactive but who would like to work). No wonder the old relationship between pay and headline unemployment is dead. ...
Cowes Week sailing extravaganza spawns a renting boom in Isle of Wight image
.... According to the End Child Poverty campaign, the island ranks as the fourth worst parliamentary constituency for child poverty in the country. The island hit the headlines last year when the former chairman of Ofsted, David Hoare, was forced to stand down after describing the island as a “ghetto” of mass crime, high unemployment, drug addiction and inbreeding. ...
US jobs report: Trump given good news as economy adds 209,000 jobs in July image
....The US economy added 209,000 new jobs in July – the second month in a row of 200,000-plus jobs growth. The unemployment rate fell to 4. ...
The Bank keeps hinting at a rate rise. Markets will only listen for so long image
.... It can dangle out the prospect of a rate rise without ever having to deliver one. But will the markets really be convinced? The Bank’s assumption is that unemployment is at a level – 4. ...
Brexit is putting firms off giving pay rises, says Bank of England image
Source : Guardian [Read Article] Thursday 3rd of August 2017 11:13:47 AM
....Carney’s account of what firms had been saying to Bank officials on pay and Brexit uncertainty may upset leave supporters. The governor drew criticism in the run-up to the EU referendum when he said there was a risk a vote for Brexit could spark a recession and raise unemployment. ...
Eurozone economy grows twice as fast as UK's, figures show image
Source : Guardian [Read Article] Tuesday 1st of August 2017 12:07:04 PM
.... But growth has slowed markedly since the turn of the year as a weaker pound has raised the cost of imports, pushed up inflation and squeezed consumers. In the eurozone, growth has quickened and unemployment has fallen against the backdrop of ultra-low interest rates and other measures by the European Central Bank (ECB) to boost activity. ...
Interns beware: working for free could put a dent in your career image
Source : Guardian [Read Article] Saturday 29th of July 2017 09:01:01 PM
.... Among the former group were those with parents in professional or managerial jobs, those who went to independent schools or so-called “elite” universities, and those graduating with a first or upper second class degree. Among the latter were black and ethnic minority graduates, those with disabilities, and those from areas with a higher unemployment rate. ...
Why not fund the welfare state with a 100% inheritance tax? | Abi Wilkinson image
.... Where’s the evidence that people without children are less productive, on average? And those who are motivated by a desire to help their family will presumably still want to do so while they’re alive. Honestly, if people did decide to retire earlier and enjoy their later years, instead of slaving away for as long as possible, would that be such a bad thing? And given that youth unemployment is such an issue, it may well be socially beneficial to free up those jobs. ...
'Britain is fast becoming the sick man of Europe' – experts debate Brexit data image
....5% – the lowest we have seen for more than 40 years. But if slow growth continues through this year, as seems likely, unemployment is likely to start edging up. ...
The cost of living crisis is down to Brexit. The chickens are coming home to roost | David Blanchflower image
....The question for the UK’s monetary policymakers is what they should do when inflation is high but the economy is slowing, as occurred in July and August 2008, although on a much worse scale. Inflation may be bad – it erodes the value of people’s savings – but low growth and unemployment are much worse. ...
How could we cope if capitalism failed? Ask 26 Greek factory workers | Aditya Chakrabortty image
.... It used to employ about 350 people; now the 26 men and women operate out of one small corner of the lot. They earn the same amount as they would receive in unemployment benefit. ...
What Brexit slowdown? UK housing market shrugs off concerns as property prices creep up image
....Miles Shipside, Rightmove director and housing market analyst, said: “A year on from the shock referendum result and subsequent dent in activity levels, the fundamentals remain strong. “Low unemployment, low interest rates, strong demand and historic undersupply of homes are mitigating any wobbles in confidence and as a result nearly half the properties on the market, over 45 per cent, have sold signs slapped across them. ...
UK housing market shrugs off concerns of Brexit slowdown image
Source : Guardian [Read Article] Sunday 16th of July 2017 11:01:34 PM
....Miles Shipside, Rightmove director and housing market analyst, said: “A year on from the shock referendum result and subsequent dent in activity levels, the fundamentals remain strong. “Low unemployment, low interest rates, strong demand and historic undersupply of homes are mitigating any wobbles in confidence and as a result nearly half the properties on the market, over 45%, have sold signs slapped across them. ...
Election euphoria won’t last if Labour doesn’t foil Brexit folly image
Source : Guardian [Read Article] Sunday 16th of July 2017 05:59:13 AM
.... Like us, at the moment, it possesses all the advantages of EU membership, not least from belonging to a powerful trading bloc: it is also not a member of the eurozone, whose economic policies have been far too deflationary. The recent recovery in the eurozone is to be welcomed, but by no means justifies the previous policies that aggravated unemployment in so many countries, especially Greece. ...
UK interest rates aren't about to rise as real pay slides | Larry Elliott image
....Unemployment matters to the eight members of the Bank’s monetary policy committee because they are looking for evidence that a reduction in the jobless rate – a tightening of the labour market in the jargon of the trade – is leading to a pick-up in wage inflation. The idea is that falling unemployment changes the balance of power in the labour market. ...
UK pay squeeze intensifies as real wages continue to fall image
Source : Guardian [Read Article] Wednesday 12th of July 2017 10:35:05 AM
....4% fall in the previous three months, according to figures from the Office for National Statistics. Real pay fell despite a surprise drop in the unemployment rate from 4. ...
Political upheaval will lead to UK economy slowing down, says Moody's image
Source : Guardian [Read Article] Tuesday 11th of July 2017 12:51:23 PM
....S&P said the better-than-predicted performance of the economy in 2016 had been the result of “extraordinarily robust consumer spending” but added that the pressure on households from prices rising more rapidly than wages was likely to persist for the rest of 2017 and into 2018. Figures due out on Wednesday will show whether the lowest unemployment since the 1970s has started to have an upward effect on earnings, which are currently growing by just over 2% a year. ...

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