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
David Cameron and Jeremy Corbyn have dramatically clashed in the House of Commons as a row over anti-Semitism in politics rumbles on.
A suicide prevention charity called for an end to the sale of "Peachy Head" shampoo, telling ITV News it is "distasteful and dangerous."
Khan said sorry for using the racial slur 'Uncle Toms' during a television interview in 2009.