British Workers Face Another Year of Belt-Tightening in 2018
- Korn Ferry study predicts a 0.5% real wage drop next year
- A no-deal Brexit would hurt U.K. more than EU, RAND study says
Gkionakis Says Markets Will Focus on BOE Actions
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U.K. workers are due for another year of wage pain as Brexit uncertainty and faster inflation deliver a real-terms pay cut, according to a new report.
Britons will see their real wages drop 0.5 percent next year, lagging behind a global average of a 1.5 percent gain, according to a salary forecast from Los Angeles-based recruitment firm Korn Ferry, based on their database of 20 million job holders.