Article 4VSCQ Brexit uncertainty makes impact on October pay growth

Brexit uncertainty makes impact on October pay growth

by
Phillip Inman
from on (#4VSCQ)

Guardian analysis shows average wage rises dropping back to 3.6%

Pay growth took a knock in October as slowing global trade and Brexit uncertainty dented business confidence, according to a Guardian analysis of economic news over the past month.

Average wage rises dropped back to 3.6%, down from 3.8% in September and 4% in July, which economists said was likely to represent the peak in pay growth since the 2008 financial crash and was unlikely to be seen again for some time.

Related: How has Brexit vote affected the UK economy? October verdict

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