Market commentator Matt Brown thinks wages in the UK could start to creep higher in the coming months as employers struggle to find skilled workers.
“Employers and agencies have been saying that there is becoming a jobs shortage in the UK, maybe as a result of Brexit with some of the migrant workers are moving back,” Brown explains in this morning’s London Finance Show.
“It could potentially mean wage inflation further down the line which certainly at this stage isn’t good for the Bank of England.”
“It does feel like the UK consumer isn’t price-sensitive when it comes to looking after their dog or cat; they don’t seem to care when it comes to looking after their pets.”
There’s also quick look across to the currency markets, as well as to the UK’s total wealth which is now estimated to exceed £10.5trn.