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Brexit drives competitiveness further

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    Brexit drives competitiveness further

    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.

    #2
    The irony is that foreign workers aren't affected as the companies are paying them more to stop them disappearing, so pushing wages for the locals down further.

    The words "shoot" and "foot" spring to mind.
    I'm alright Jack

    Comment


      #3
      Originally posted by BlasterBates View Post
      The irony is that foreign workers aren't affected as the companies are paying them more to stop them disappearing, so pushing wages for the locals down further.

      The words "shoot" and "foot" spring to mind.
      This is traitor talk. The British electorate wants more competitive wages.

      Comment


        #4
        Originally posted by northernladyuk View Post
        This is traitor talk. The British electorate wants more competitive wages.
        Serfdom comes naturally to Brits. Don't mind a wage cut, don't mind a high taxes, don't mind the banks taking away homes, as long as we have pomp and ceremony and can wave to the queen.
        "A people that elect corrupt politicians, imposters, thieves and traitors are not victims, but accomplices," George Orwell

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          #5
          Originally posted by Paddy View Post
          Serfdom comes naturally to Brits. Don't mind a wage cut, don't mind a high taxes, don't mind the banks taking away homes, as long as we have pomp and ceremony and can wave to the queen.
          And God bless the Queen Mum. Won the bloody war for us she did.

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            #6
            You concern for those on the lower end of the pay scale is touching.

            Comment


              #7
              Originally posted by northernladyuk View Post
              This is traitor talk. The British electorate wants more competitive wages.
              They are getting competitive alright, with the 3rd world...

              Comment


                #8
                Originally posted by The_Equalizer View Post
                You concern for those on the lower end of the pay scale is touching.
                I cared enough to register to vote and then vote Remain.

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                  #9
                  Originally posted by northernladyuk View Post
                  I cared enough to register to vote and then vote Remain.
                  By post from RoI to save their poor souls.

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                    #10
                    Originally posted by The_Equalizer View Post
                    By post from RoI to save their poor souls.
                    None of which addresses the magnificent increase in competitiveness that UK workers are enjoying.

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