Data this week unlikely to convince Bank of England to cut interest rates soon

The nation’s unemployment charge has remained close to historic lows, whilst GDP knowledge suggests the UK entered recession on the finish of final 12 months, in an uncommon divergence. However some economists and commentators have taken word of the UK’s excessive ranges of economically inactive folks, together with the long-term sick, who are usually not counted within the unemployment charge as they aren’t on the lookout for work. Reasonably than the conventional recession sample of many individuals on the lookout for work, it has been vacancies which were at elevated ranges throughout the present recession.