More fantastic news for a leaner Britain.
Pay will continue to be squeezed, employers' survey suggests - BBC News
It is the big unspoken issue of the election. Voters who, despite being in work, are not feeling any better off.
It is also the major economic trend in Britain - the "living standards squeeze".
And the most recent data suggests that it is about to tighten.
A survey of more than 1,000 firms, published on Monday by the Chartered Institute of Personnel and Development (CIPD) and the employment agency Adecco Group, suggests that businesses believe average pay rises this year will be just 1%.
That is the lowest figure for three years and well below the 1.5% the same survey suggested three months ago.
With inflation at 2.3% - a figure that is expected to rise sharply when April's number is published on Tuesday - employers are clearly not preparing for higher wage settlements.
Why? Well, according to the Bank of England, much of it comes down to uncertainty about the Brexit process.
Companies are still nervous about an economically disruptive exit from the European Union and are hoarding cash rather than rewarding employees.
Pay will continue to be squeezed, employers' survey suggests - BBC News
It is the big unspoken issue of the election. Voters who, despite being in work, are not feeling any better off.
It is also the major economic trend in Britain - the "living standards squeeze".
And the most recent data suggests that it is about to tighten.
A survey of more than 1,000 firms, published on Monday by the Chartered Institute of Personnel and Development (CIPD) and the employment agency Adecco Group, suggests that businesses believe average pay rises this year will be just 1%.
That is the lowest figure for three years and well below the 1.5% the same survey suggested three months ago.
With inflation at 2.3% - a figure that is expected to rise sharply when April's number is published on Tuesday - employers are clearly not preparing for higher wage settlements.
Why? Well, according to the Bank of England, much of it comes down to uncertainty about the Brexit process.
Companies are still nervous about an economically disruptive exit from the European Union and are hoarding cash rather than rewarding employees.
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