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UK Gets Worse - Joe Blogs
In this video I talk about the latest Wage Growth Data for the UK which shows that Real Wages are rising at the fastest rate for more than 3 years. Real wages increased by 3.4% above the rate of inflation at the same time as Unemployment is rising and Vacancies are falling. The rise in wages, along with rising inflation means that the Bank of England is likely to slow the speed of interest rate cuts which is potentially seriously bad news for the UK Economy.
Chapters:
0:00 Intro
0:45 WAGES
2:24 WHY?
4:54 INTEREST RATES
6:09 SUMMARY & CONCLUSION