Higher inflation drives down real wages for British workers

The spread of zero-hour contracts and a weak pound mean many employees are worse off than they were before Brexit vote, warns Standard & Poor's

Rising prices on the back of the Brexit vote and the trend towards more insecure work will rob British workers of any growth in real wages this year, with repercussions for the wider economy, a new report has warned.

With just over a week to go until a snap general election largely focused on looming Brexit negotiations, economists at the ratings agency Standard & Poor's are the latest to highlight the blow to living standards from last year's vote to leave the EU.