The Trader 

Market Outlook: The pound in your pocket

The Trader

Data published yesterday showed that the number of unemployed in the UK dropped yet again in July taking it down to a new record low of 3.8 per cent, as agreed by international standards (ILO). Meanwhile average earnings grew by 3.8 per cent Y/Y, including bonuses by 4.0 per cent – the highest wage growth since 2009. Meanwhile pub chain Wetherspoons’ boss Tim Martin, who had decided to cut what it charges for a pint of beer to as little as £1.39, was forced into promising brewers they would not have to take a hit; the Society of Independent Brewers had written to him complaining bitterly.

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