Article 3XME7 Brexit economy: turning up the heat on household finances

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

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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