Interestingly in these troubled times, some economic measures appear stable and
healthy, as the Bank of England decides not to reduce interest rates further in March.
Figures from The Office for National Statistics show UK unemployment down by 32,000 to 1.61m with annualised average earnings rising at 3.7% - in spite of higher rates of headline inflation being driven by food and fuel price rises.
However, the fly in the ointment is that these figures are for the three months to end of January 2008 and so may not yet fully reflect the impact of the credit crunch and its aftershocks.
What remains to be seen is whether wage inflation starts to reflect the influence of rising costs and the reducing supply of credit.
What should you be negotiating for? And will you get it?
1 comment so far
1 Susan Kishner // Mar 20, 2008 at 6:35 am
Nice writing style. I will come back to read more posts from you.
Susan Kishner