British workers' pay grew at its joint fastest pace in over a decade as emp...
LONDON - British workers’ pay grew at its joint fastest pace in over a decade as employers extended their hiring spree, adding to signs that uncertainty about Brexit is prompting firms to take on workers rather than commit to longer-term investments.
That was the joint highest rate since mid-2008 although in the month of February on its own the pace of wage growth slowed. However, the jobs surge could reflect nervousness among employers about Brexit and risks aggravating Britain’s long-standing productivity problem, the Achilles heel of the world’s fifth-biggest economy.
Data earlier this month showed output-per-hour rose by only 0.5 percent in 2018, well below the annual average of 2 percent before the global financial crisis.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
UK parliament very likely to consider new Brexit referendum - HammondUK parliament very likely to consider new Brexit referendum - British finance minister Philip Hammond
Read more »
UK parliament 'very likely' to consider new Brexit referendum, says British finance ministerBritish finance minister Phillip Hammond said Friday he believed it was 'very likely' a second Brexit referendum would be put to parliament.
Read more »
UK lawmakers urge British government to extradite WikiLeaks founder Assange to SwedenMore than 70 UK lawmakers are urging that WikiLeaks founder Julian Assange be extradited to Sweden.
Read more »
Brexit has been so traumatic that lawmakers are getting counseling'It's hard to maintain your sanity and keep a clear head when you have competing pressures,' one former government minister said.
Read more »
Nigel Farage launches the Brexit party with promise to fight back against 'betrayal' of referendum resultNigel Farage launches his Brexit party with promise of 'democratic revolution' in British politics
Read more »
British businesses stash cash as Brexit gloom deepens: DeloitteA growing number of large British-based businesses are prioritizing cashflow, fe...
Read more »
British PM Theresa May visits France and Germany seeking Brexit delay“The UK should have left the EU by now, and I greatly regret the fact the parliament has not been able to pass a deal that would enable us to leave in a smooth and orderly way.” British PM Theresa May on Brexit
Read more »
British Prime Minister Theresa May to ask EU for Brexit delay; long extension expectedBritish Prime Minister Theresa May headed into an emergency European Union summit seeking a second Brexit extension — until June 30 — but indicated she could accept a longer extension, which many EU leaders have called for.
Read more »
British PM Theresa May visits France and Germany to delay BrexitBritain's PM Theresa May is seeking a Brexit extension to negotiate with Labour Party's Jeremy Corbyn as she visits France, Germany
Read more »
British Christians are as divided by Brexit as everybody elseA historically broad church is stretched to the limit
Read more »