UK Economy: Hot Wage Data Adds to BOE Caution on Rates Cuts

The video discusses unexpected wage growth data and its implications for the Bank of England's forecasts. It explores labor market dynamics, highlighting the cooling of the market and its insufficient impact on wage growth. The video also covers inflation expectations, driven by base effects and energy prices, and the potential impact of rising National Insurance on prices and jobs.

What are the expectations for inflation data mentioned in the text?

What potential impacts could the rise in National Insurance have on firms and inflation?