Responding to the latest labour market statistics, Graeme Leach, Chief Economist at the Institute of Directors, said:
These figures raise half a cheer for the economy. Both headline unemployment measures are down, which is obviously good news, but there’s bad news in the average earnings figures. Average earnings growth including bonuses has collapsed from 1.3 per cent to just 0.1 per cent.
Excluding bonuses, average earnings growth stands at 2 per cent, which is way behind inflation. This means the real squeeze in household incomes continues to act as a dragging anchor on consumption and high street spending.
More top news
Temperatures tumbling again tonight with a widespread sharp frost and lows of -5C or -6C and icy spots in places
The victim was shot in the arm in a 'drive-by' shooting.
Ewan McGregor was joined by co-stars Jonny Lee Miller, Ewen Bremner and Robert Carlyle at the world premiere of the Trainspotting sequel.