UK UNEMPLOYMENT RATE LOWEST FOR 42 YEARS BUT WAGE INFLATION SLUGGISH

The headline rate for UK employment fell to 4.4% which was lower than market expectations. This equates to a jobless total of 1.484 million while headline weekly earnings growth in June was slightly above expectations too at 2.1% but with inflation running at 2.6%, these numbers are hardly likely to concern The MPC in terms of a bank Rate rise.

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    RECENT NEWS

    FIRST RATE RISE IN 10 YEARS?

    October 29, 2017

    The last time the Bank rate was raised was in July 2007 when Gordon Brown was Prime Minister, having just taken over from Tony Blair, raising the rate to 5.75%. There was no hint at that time of the impending … Continue reading

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