You are here: Home » Reuters » News
Business Standard

UK workers suffer first pay squeeze since 2014

Reuters  |  LONDON 

By William Schomberg and Andy BruceLONDON (Reuters) - British pay growth has fallen behind inflation for the first time in two-and-a-half years, underscoring the growing Brexit squeeze facing many voters ahead of June 8 national election, official data showed on Wednesday.Prime Minister Theresa May, who polls show is on course to win a new term, can point to the lowest unemployment rate in nearly 42 years. But even with employers hiring at the fastest pace since last year's European Union referendum shock, the pace of wage growth slowed."It is now hard to see where a pay revival in Britain ...

This article is no longer available in our repository.

There could be multiple reasons for this.

RECOMMENDED FOR YOU