Minding the gap – UK rewards to labour and capital differ significantly

Chart C - Poor wage growth is an international

Last week saw the release of labour market data for the UK. It showed: unemployment at a 1975 low of 4% employment at an all-time high since data was collated on this basis in 1971, at 75.2% of the labour force, and wage inflation rising at its fastest nominal pace since 2008, up 3.4% including …

UK 2019 economy to be dominated by Brexit?

Chart 2: Employment growth in the UK has slowed sharply

Well, that was an exciting year. With article 50 triggered, negotiations on the UK’s withdrawal from the EU dominated politics and consumed government energy.  Negotiations were fraught, with frantic toing and froing between the UK and Europe as the deal evolved to its conclusion through 2018. But it also impacted the economy. In particular, uncertainty …