World Cup and Growth Rate

cup: While the economy has gathered pace in recent months, helped by the warmer weather, the royal wedding and the World Cup, there has been little evidence so far of the spoils being shared through pay increases, according to The Guardian. The growth rate might have doubled to 0.4% in the second quarter from the first three months of the year, but the TUC general secretary, Frances O'Grady, has warned that this is far from enough to support workers. The Bank of England reckons higher wages are just around the corner, helped by the lowest rate of unemployment since the mid-1970s, yet economists are doubtful there will be much positive news just yet. We should not accept weak growth as the new normal it's the result of bad management of the economy. The consensus among City analysts is for annual growth in average weekly earnings in the three months to June to hold steady at 2.7%, the same level as recorded in May, when the Office for National Statistics publishes the latest figures on Tuesday. There has been too little investment and a failure to focus on getting wages rising, she said. (news.financializer.com). As reported in the news.