Downturn in jobs market will mean workers will be unlikely to be able to bid up their wages, says policymakerBusiness live – latest updatesThe Bank of England policymaker Catherine Mann has said she backed a half-point cut in UK interest rates last week because she believes the downturn in the jobs market will make the inflation “hump” this year short-lived.Mann surprised financial markets last week by switching from voting against the Bank’s last cut, in November, to supporting a half-point reduction. Continue reading...