Guardian analysis shows average wage rises declining back to 3.6%

How has Brexit vote altered UK economy? November verdictAre economic doldrums likely to continue? Experts debate the data

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

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

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

Continue reading …

Read more: theguardian.com