Article 4Q0MB UK jobs creation slows as pay growth reaches 11-year high

UK jobs creation slows as pay growth reaches 11-year high

by
Richard Partington Economics correspondent
from on (#4Q0MB)

Hiring eases in three months to July, showing stress placed on economy by Brexit

Pay growth for workers in Britain has accelerated at the fastest annual rate in more than a decade, despite cracks emerging in the jobs market as employers hold off against hiring new staff ahead of Brexit.

Workers' pay, including bonuses, picked up to 4% in the three months to July, compared with the same period a year earlier, marking the fastest average wage growth since mid-2008.

Related: KPMG predicts no-deal Brexit recession in 2020

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