Tags: real wages

UK labour market contracts amidst Brexit uncertainty

  Wages are continuing to rise at their highest level for nearly a decade, the latest official Office for National Statistics figures published today show. However the evidence points to a steadily contracting labour market. Average weekly earnings, excluding bonuses, went up by 3.3 per cent in the three months to October, the biggest rise…

UK’s poor productivity needs to improve before wages can increase, says CIPD

The CIPD, the professional body for HR and people development, has released a report analysing the most sustained and severe fall in real wages since at least the Second World War, and warns that the decline will not be reversed until there is a substantial improvement in the UK’s poor productivity record. The report is accompanied by…