Last Quarter’s Real Wages Up, Employment Up, Despite Expectation of Brexit

New figures released by the ONS this morning reveal that wages this quarter are well up on what they were last year, despite the quarter having been expected to end with the UK leaving the EU. Excluding bonuses, employees have seen wages rise by 3.3%, an inflation adjusted rise of 1.5% compared with a year earlier…

Meanwhile the UK employment rate was estimated at 76.1% rising from last year’s 75.6% and the joint-highest figure ever recorded. Unemployment has continued to fall, now at 3.8% it’s the lowest this country has seen since 1974. All despite Brexit…


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