Mini Budget Panic News Today

Coming through from the new recruits that we are looking to employ. that is seen across the economy with ordinary wages, that is excluding bonuses, up by 7.2% over a year. that might be evidence that inflation is starting to become entrenched across the economy so lets look at inflation. that is actually still higher than those wage rises which, when you put it all together, means that take—home pay is still falling after a year and a half. so financial markets think the bank of england intere...

After a year and a half. financial markets think that the bank of england interest rates will now top 5%. the market for a two—year borrowing to the government, effectively a judgment on where rates will go, thats now at the highest level for a decade and a half. and just today exceeded the high seen during last autumns mini budget panic. so a big decision coming next week for the bank of england given these figures. as im afraid this mornings numbers illustrate, weve got a very tight labour m...