Bank of England and businesses say firms raising wage offers to find staff,as level of unemployment drops and Brexit vote cuts number of EU workers in UKA shortage of factory workers is starting to push up pay rates but wage rises in the services sector remain rooted at around 2%, according to the latest feedback from the Bank of England’s regional agents.
The central bank said its agents, and which are based in offices across the country,found that shortages this month across the manufacturing sector were main to a “slight increase in pay growth” that would take average rate of pay rises up by half a percent, from 2-3% this year to 2.5%-3.5% in 2018. Related: UK firms expect higher pay rises, and as Brexit hits investment plans - commerce live Continue reading...
Source: theguardian.com