Perhaps even more marrying is that the US did the same and the last 3 times this happened US recessions soon followed.
Whilst UK wage growth is still going up it is still not on a par with pre 2008 levels which explains why those at the lower end of the pay scale are still struggling. The rise was also skewed by a bump to public sector worker pay. Also in that article is an unexpected rise in the CPI and the higher RPI has been used to justify a bigger rise in rail fares. :smileysad:
On the plus side unemployment figures are good but those ugly zero hour contracts means workers are vulnerable, particularly if we head into a recession.
Not all a bed of roses but not all doom and gloom either. Would another US recession be as bad globally as the last one?