According to the financial times, Britain’s real wage growth rate is zero by the end of 2018

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According to a prominent think-tank, people should not expect a higher wage increase this year than inflation, as wages stagnate until the end of 2018.
The resolution foundation found that wage pressures could get worse before things get better, with wage packages no meaningful recovery until the end of next year.
Real wage growth for the whole of 2018 is expected to be zero, meaning that the stress of living standards will continue.
Inflation, which began to exceed wage gains in early 2017, marked the return of pay squeeze after the financial crisis and finally began to slow in 2015.
The resolution foundation said there were reasons to be optimistic about the next year, as there were signs that wage pressures could begin to rise by the end of 2018.
It also highlights the lowest income workers a minimum wage rise, their hourly rate rose 4.3% in April, 7.83 pounds, to three months in October, productivity to pioneer this is likely to be 1.2% pay rise.
2017 is a “difficult year for living standards because of falling wages,” said the resolution foundation director, thorspell.
“The good news is that things will get better next year,” he said. “The bad news is that we may have to go back to rest, and the promise of meaningful revenue recovery is still invisible.


“While the public has been grumbling about the recent economic downturn, the public expectation does seem to be in line with the experts’ gloomy forecasts. More than half predicted no pay rises next year, and families could expect their finances to deteriorate further next year. This pessimism is strongest among low-income people and, unsurprisingly, there will be substantial cuts in benefits. ”
It also found that public expectations for a pay rise were low, with more than half expecting a pay rise next year, according to analysis of bank of England data.
More than a quarter of working-age families -27 per cent – expect their financial situation to deteriorate over the next 12 months, roughly the same proportion as they think they will improve – up to 28 per cent.
More than a third of the poorest households thought their situation would worsen – 35 percent – and the richest families only had a sixth to 17 percent.
Another Lloyds survey shows that men expect higher wages next year than women.
On average, men expect their annual income to rise by 770.50 pounds by the end of 2018, according to the bank’s spending power report, while women can only expect their salaries to rise by 429.70 pounds.
A survey of more than 2,000 people in November in the UK showed that 63 per cent were dissatisfied with the current level of inflation, up 14 percentage points since November 2016.
Two-thirds of the people feel negative for the UK economy, compared with the same period last year rose five percent, and 65% of them feel about the housing market is bad or not so good, six percent higher than last year.

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