The Office for National Statistics (ONS) has published its latest UK labour market report with record employment in the UK despite Brexit concerns in addition, wages are rising faster than inflation.
The main points are:
Comment
With employment high and wages rising faster than inflation, it can only mean one thing .... more inflation. If there are more people working with more money in their pockets, it means they spend more, meaning prices in the shops and property prices will start to rise again.
Peg that back with Brexit incertainty, it is merely postponing decisions on interest rates.