The ONS printed wage information to the top of February yesterday. There have been no nice surprises.

Each actual complete and common pay fell on the yr:

Actual pay development charges are declining:

However, due to industrial motion public sector pay shouldn’t be now fairly thus far behind:

However the overwhelming story is of distress being imposed. And but within the FT yesterday afternoon there was an article suggesting:

Pressures within the UK labour market are beginning to ease, however wage development has not slowed as a lot as economists anticipated, in keeping with official information launched on Tuesday.

This apparently will:

Hand [the] Financial institution of England a troublesome determination on rates of interest

The query to ask is how a lot distress does the Financial institution of England plan to impose on the common UK family earlier than they determine that they’ve triggered sufficient hurt to the thousands and thousands now struggling in our financial system, most particularly as inflation charges at the moment are anticipated to be falling quickly?

I want I might reply that query, however evidently the sadists on the Financial institution need their pound of flesh and an important deal extra earlier than they are going to be glad.