The uk, unemployment rose to 4. 2 in the uk, unemployment rose to 4. 2 in the three months tojune, up from 3. 9 in the previous three months. Average wages, not including bonuses, grew at a record rate of 7. 8 during that same period, which is almost the same as the latest uk Inflation Measure of 7. 9 , which was recorded injune. It means average pay has almost caught up with price rises. Lets discuss that now with jane foley, who is head of strategy at a bank. It sounds good that wage growth has caught up with inflation, but is there something more complicated at play here . There is alwa s a complicated at play here . There is always a sting complicated at play here . There is always a sting in complicated at play here . There is always a sting in the complicated at play here . There is always a sting in the tail complicated at play here . There is always a sting in the tail with always a sting in the tail with economic data. What it does mean is that it economic data. What it does m
almost certainly be raising interest rates again by .25%. this city has begun to speculate that rates will begun to speculate that rates will be going up even further, may be as much as 6%. those expectations were damp in months or so ago by softer than expected inflation data. we have the next release of inflation data tomorrow. that is softer than expected then these expectations about bank of england interest rates could be quite volatile. the about bank of england interest rates could be quite volatile. could be quite volatile. the other element of could be quite volatile. the other element of this could be quite volatile. the other element of this data could be quite volatile. the other element of this data is could be quite volatile. the other element of this data is that - could be quite volatile. the other| element of this data is that you re seeing unemployment going up. it is going up from quite a low level. it doesn t sound like good news, but is there a chance that