Failure to cut interest rates will take money out of the system, hitting businesses such as hospitalityUK real pay grows at fastest rate in two yearsBusiness live – latest updatesThe TUC boss, Paul Nowak, could be accused of exaggeration when he says “the Tories are presiding over a rapidly deteriorating jobs market”.The UK has experienced many periods when unemployment has deteriorated more quickly and the number of people out of work reached greater peaks. Continue reading...