hello and welcome if you re watching in the uk or around the world. the value of uk wages has fallen at the fastest rate since records began after taking into account the rising cost of living. household budgets are being squeezed by rising food, fuel and energy costs. average pay fell by 3% between april and june, when adjusted for inflation. that means prices are rising at an even faster rate, despite growth in regular pay excluding bonuses. meanwhile, job vacancies continued to increase, although the rate is slowing. the rise in the cost of living has prompted workers and unions across several industries to call for inflation matching pay rises with some, such as rail workers, going on strike. but the government claims the employment figures show the resilience of the uk economy. our business correspondent nina warhurst has more details on those uk job figures. average pay is growing faster than for 15 years but what is crucial at the moment, what everybody watching will
Downbeat session in asia. And well be getting the inside track on alipay, the chinese Digital Payment giant owned by ecommerce giant alibaba. The ceo will be joining us later. And as jay zs digital only album goes platinum in under a week we want to know, what was the last physical album you bought . Let us know. Just use the hashtag bbcbizlive. Welcome to the programme. In a few hours time, the eu and japan will sign off on a major trade deal in brussels covering everything from cars to cheese. It comes despite doubts around the world about Free Trade Deals and the rise of Trade Protectionism in the us under the trump administration. Japan and the eu account for about a third of global gdp thats over 21 trillion. Both sides believe their Trade Relationship has room to get even bigger. Eu Officials Say the deal will boost the eu economy by 0. 8 and japans by almost a third of a percent. Among the big winners, the car industry. The eu will scrap a 10 duty on japanese car imports, while
The labour force participation rate (LFPR) is at a four-quarter high of 48.8%, compared to 47.5% in the same quarter of the previous year | Latest News India