Slowing Pay Rises Make the Bank of England’s Life Easier
But interest rates should remain a good bit above inflation.
Easing wage inflation should make Andrew Bailey a bit happier.
Photographer: Hollie Adams/BloombergWelcome to Money Distilled. I’m John Stepek. Every week day I look at the biggest stories in markets and economics, and explain what it all means for your money.
How can we get more people investing in the UK? Scrap stamp duty on shares for a start, says Merryn Somerset Webb. Have a read at Merryn’s latest piece here. And for more ideas on how to improve the UK market — some more controversial than others — don’t miss the latest episode of Merryn Talks Money.