The demand for more labour and a surge in self-employment continues to drive the UK unemployment rate down. House price gains remain strong and inflation is still low. It’s been the story of the UK economy in 2014. But the missing piece of the puzzle remains wages. Until productivity improves, earnings are unlikely to budge.
The World Cup finalists proved themselves to be the crème de la crème of international football but how would it look if we ran the competition again - this time with countries competing for UK exports, rather than goals? We asked RBS Head of Economics, Stephen Boyle, to take a look.