Paul Durrans, Investment Director, looks at the recent UK jobs data which has unemployment at 4% with the number of people in jobs at a record level. This puts the labour market in a strong position ahead of the budget in a little over two weeks. However, the Bank of England is treating this data with caution given concerns over the quality of the data. UK wage growth however is unaffected by the same data quality issues and came in at +4.9%, slightly below what economists expected. Paul concludes be discussing what this means for the Bank of England.