....The July inflation data is significant because it shows higher costs for consumers outstripping expected growth in pay, which the BoE has said could be hindered by uncertainty over Brexit harming companies’ willingness to raise wages. The Chartered Institute of Personnel and Development
and recruitment firm Adecco said on Tuesday that basic pay over the next 12 months was expected to rise by just 1%, well below the pace of inflation, even amid low levels of unemployment. ...
[Read full article on Guardian
Tuesday 15th of August 2017 05:10:12 PM