British workers' earnings after inflation are shrinking at the fastest pace since 2014, underscoring the economic challenge facing a weakened Prime Minister Theresa May as the squeeze on consumers tightens faster than expected, data showed. While a joint record-high proportion of Britons are in work, the fall in real-terms wage growth pointed to tougher times ahead for consumers, the main drivers of economic growth. Inflation hit an almost four-year high of 2.9% in May, fueled by the fall in the pound since last year's Brexit vote and adding to the strain on household ...
UK earnings after inflation shrink at fastest pace since 2014
Inflation hit an almost four-year high of 2.9% in May