This morning we get the latest labour market data for the UK. The unemployment rate is expected to have remained at 3.8% in November, which is the lowest level seen since 1975. Annual wage growth however is expected to have edged lower, to 3.1% from 3.2%. That’s still well above inflation, which should help to prop up consumer spending. However, it will also leave the Bank of England with an opening to cut interest rates if the Bank’s members feel sufficiently pessimistic to do so.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
Do you still have to file a tax return if you don’t owe any tax?Even if you do not owe the taxman any money, failure to complete and submit your tax return could result in a penalty costing you up to £1,600.
-
Millions of homeowners to see mortgage payments riseMortgage holders with deals expiring soon can expect to pay more, according to Bank of England calculations, though the increase is less than previously forecast
-
Money Minute, Monday 30 March: grim numbers expected from the USVideos It’s a quiet week for economic data in the UK – but the US is set to release some grim numbers.
-
Money Minute Monday 23 March: will “whatever it takes” be enough?Videos As we start to see the damage that the shutdown is doing, Money Minute looks at central bank measures to counter it.
-
Money Minute Monday 15 March: the virus and the damage doneVideos After a historic week for markets, Money Minute looks forward to measures from governments and central bankers to cope with the coronavirus, and data on the damage done in Asia.
-
Money Minute, Monday 9 March: the Budget, a possible interest-rate cut and news from KoreaVideos This week chancellor Rishi Sunak issues his first Budget, the Bank of England and European Central Bank may consider rate cuts, and the latest data from South Korea could give us clues to the effects of the coronavirus on the global economy.
-
Money Minute Monday 2 March: key events of the week aheadVideos This week we get a decision on interest rates in Australia, US jobs data and the latest Halifax house price index for the UK.
-
Money Minute Monday 17 February: good news ahead for the UK economy?Videos Today's Money Minute looks to a week in which we get the latest employment and inflation numbers, plus retail figures for January and a slew of eurozone date.
-
Money Minute Friday 14 February: The latest from RBS, Britain's state-owned bankVideos Today's Money Minute previews results from RBS – Britain’s state-owned bank – and from pharma giant AstraZeneca.
-
Money Minute Thursday 13 February: latest numbers from Barclays and CentricaVideos Today's Money Minute previews earnings reports from Barclays Bank and Centrica, plus the latest US employment picture
