Pay growth reflects the tightening employment market

The latest ONS figures show that unemployment for the quarter ending in June fell by 57,000 on the previous three months, while the jobless rate stands at a 42 year low of 4.4%. Statistics show that employment now stands at the highest rate ever since records began in 1971.

Bank of England confirms suspicions of upturn

Depending on whom you ask, Britain’s return to growth after the 2008 crash might has been steady and firm or painfully sluggish by historical standards. As both opinions are almost certainly tainted by political motivations, we can probably assume the truth is somewhere in between – a slower than expected return from a global crash without precedent.