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World Business Report

england, having perhaps come late to the interest rate party, is going to push too fast. up the road the uk economy hits a wall because we have wave of refinancing through mortgages. things have really turned south sharply. mortgages. things have really turned south sharply-— south sharply. sorry to “ump in but we also have this _ south sharply. sorry tojump in but we also have this public _ south sharply. sorry tojump in but we also have this public pay - south sharply. sorry tojump in but we also have this public pay sector| we also have this public pay sector deals in the headlines. we did have some strikes back in may. the worry i guess, is if we do get more public sector strife, could that impact things to? it sector strife, could that impact thins to? , sector strife, could that impact things to?— things to? it is absolutely critical. we _ things to? it is absolutely critical. we had _ things to? it is absolutely critical. we had data - things to? it is absolutely critical. we had data on i things to? it is absolutely i critical. we had data on the things to? it is absolutely - critical. we had data on the uk things to? it is absolutely _ critical. we had data on the uk wage settlement this week and they showed a re—acceleration of wagers in the private sector and the last thing the government wants to see is a further acceleration in the public sector as well. ultimately it has to pay bills and the government is running very sizeable deficits. it is a critical piece of the puzzle, but i have to say, really, the bank

Economy , Uk , Interest-rate-party , Wall , Refinancing , Road , Wave , Impact , Things , Worry , Strikes , Sector