UK wage growth slows; global chip stocks fall amid growing tensions between US, China and Taiwan business live
Briefly

Ashley Webb forecasts Bank of England's rate cut to come in September, not August, due to services inflation strength and improving supply, expecting inflation to fall and wage growth to slow.
Rob Wood from Pantheon Macroeconomics also expects rate cut in September, despite the possibility of a cut in August, due to hot services inflation, softer pay growth, and predictions for slowing pay growth.
Read at www.theguardian.com
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