Exact(53)
The same goes for weak wage growth.
But poor productivity means weak wage gains are not as disinflationary as they appear.
Even fantastic headline numbers, like 4.6% unemployment, disguise weak wage growth and sagging labour force participation.
But weak wage inflation will not last for long if growth remains this strong.
Weak wage growth in the UK has prevented incomes from fully bouncing back, the OECD said.
Living standards will be squeezed by weak wage growth and high inflation until at least the middle of next year.
Similar(6)
Credit-card lending is growing strongly, despite weak wages.
Perhaps the IoD should ponder the Bank's concern about weak wages.
For example, the budget predicts solid increases in household consumption, but at the same time predicts very weak wages growth: As Fairfax's Michael Pascoe notes, improved households consumption with weak wages growth is an odd mix.
This debt-fuelled consumption is a return to Britain's old, pre-crisis growth model.Weak wages are a problem for George Osborne, too.
A recovery based on low investment and weak wages could well stutter before 2015.A relentless attack on the things holding back investment starts with monetary policy.
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