11 September, 2019

UK wages increased 4% in the three months leading to July

Following Brexit uncertainty, the Pound is finally holding steady against the Dollar at $1.23.

On Tuesday, the UK Parliament had been suspended due to the political opposition’s refusing to agree to a general election.

A law was approved this week requiring the government to request an extension if a decision is not made on a deal.

Due to this uncertainty, according to data released on Tuesday, UK unemployment levels dropped while UK wages increased 4% in the three months leading to July.

Members of Parliament are not to return to the Parliament until the 14th of October. There will be a Queen’s Speech identifying Boris Johnson’s legislative plans.

A spokesman for Number 10 Downing Street said they were “disappointed” by the decision, and would address to the Supreme Court.

He added: “The UK government needs to bring forward a strong domestic legislative agenda. Proroguing Parliament is the legal and necessary way of delivering this.”