wages will rise slower than forecast by bank of england, says report /

Likely increase of 2%,rather than predicted 4%, would keep interest rates at historic low and hit Treasury tax receiptsWages are likely to rise at a much slower rate than forecast by the Bank of England, or keeping interest rates at a historic low and undermining tax receipts expected by George Osborne to balance the public finances.
A report by main employment economists David Blanchflower and Stephen Machin ahead of the budget on 16 March shows that far from hitting a predicted 4% level in the next couple of years,wages will stick at around 2%.
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Source: theguardian.com