Ross Walker Cuts Quotations

Job cuts are mainly coming from manufacturers, who are still suffering. We are going to see further increases in the claimant count rate and the odds of any sort of wage inflation problem emerging are diminishing rapidly.

When you've got inflation rising above the bank's target it reinforces the view that we don't need more rate cuts this year.

To some extent jobs created in the public sector will compensate for job cuts in the private sector.