Siobhan Mail, IFA & Director of Seer Green comments on UK employment falling but weakening wage growth.
Key information / facts:
- Unemployment falls to 5.1%
- Inflation remains low at just 0.2%
- Banks governor rules out any early rise
- Slowdown in wage growth
“Of course this comes as welcomed news, especially against the backdrop of the recent market volatility. However, the economy remains fragile and stagnating wage growth will, in our view, lend itself to a delay in any interest rate rises this year. We didn’t see rates increasing this year and this news strengthens our position on this.”