Brexit economy: turning up the heat on household finances
by Richard Partington Economics correspondent from on (#3XME7)
The latest monthly Guardian analysis finds the UK economy failing to deliver on wage growth
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The British economy is failing to deliver stronger growth in workers' pay, as the mounting risk of a no-deal Brexit turns up the pressure on household finances, according to a Guardian analysis of economic developments over the past month.
Pay growth in Britain has dropped to its weakest in almost a year despite the unemployment rate hitting a 43-year low. At the same time, recent weakness in the pound amid the growing chance of a no-deal Brexit is poised to push up the rate of inflation, triggering a renewed squeeze on living standards.
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