Hmmm.... as business groups start to cut staff, but blame higher wages on the pay floor (and required further promotion 'incentives') caused by the minimum wage, I'm expecting Andrew Bailey & the BoE/MPC to say that while they want to cut interest rates, they need some indication from Labour that the next uplift in the minimum wage will be capped.

I'll happily be proved wrong, but on past evidence they'lll be casting round for reasons not lower rates yet.

#InterestRates #workers