UK wage growth rises as unemployment sticks at 44-year low – business live

Rolling economic and financial news, including new UK unemployment figures and the latest trade war actionLatest: UK jobs report beats forecastsBasic pay up 3.4% per yearEmployment up by 32,000, unemployment dropsJobless rate still just 3.8% 2.56pm BST Meanwhile in America, Donald Trump has launched a not-very-presidential attack on the US central bank.Trump has claimed that the Federal Reserve ‘don’t have a clue’, and should cut interest rates to help weaken the US dollar. The United States has VERY LOW INFLATION, a beautiful thing!This is because the Euro and other currencies are devalued against the dollar, putting the U.S. at a big disadvantage. The Fed Interest rate way too high, added to ridiculous quantitative tightening! They don’t have a clue! https://t.co/0CpnUzJqB9Maria, Dagan, Steve, Stuart V – When you are the big “piggy bank” that other countries have been ripping off for years (to a level that is not to be believed), Tariffs are a great negotiating tool, a great revenue producers and, most importantly, a powerful way to get………Companies to come to the U.S.A and to get companies that have left us for other lands to come back home. We stupidly lost 30% of our auto business to Mexico. If the Tariffs went on at the higher level, they would all come back, and pass. But very happy with the deal I made,…….If Mexico produces (which I think they will). Biggest part of deal with Mexico has not yet been revealed! China is similar, except they devalue currency and subsidize companies to lessen effect of 25% Tariff. So far, little effect to consumer. Companies will relocate to U.S. 2.40pm BST Some 18,000 jobs are in doubt today at Sir Philip Green’s Arcadia empire.Tomorrow Arcadia will ask its landlords to vote on a rescue plan that will cut rents and allow some stores to close. The vote was dramatically stopped at the last minute a week ago, after it became clear that Green didn’t have enough support. Related: Arcadia on the brink after Intu rejects revised CVA plan Continue reading…
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