Strong pay growth means the Bank of England could raise interest rates again in September, from the current rate of 5.25%.

The jobless rate rose from 4% to 4.2%, while the number of people in employment ticked lower.

Good to see the worst off will be hit the most as always.

Coincidentally, I have a meeting today with my management to talk about increasing my pay. I’ve prepared a pdf giving examples of the value I’m bringing to the business, as well as reasonable salary expectations.

Just like last year, and the year before that, I’m likely to get the same spiel about how “things are up in the air,” and there are “wider discussions being had about pay at the top, so there’s nothing we can commit to right now”. This is despite our parent company making billions in profit per year and our company enjoying healthy growth as well.

Time to look for another job, I think.