New York Times Feed

Jordan, August 14, 2019
UK wages rise at fastest rate for a decade despite Brexit risks

London, Aug. 13 (Petra)-- British workers' basic pay is growing at the fastest rate for more than a decade despite mounting risks to the economy as Brexit looms.

In sharp contrast to the broader economic slowdown that has taken Britain to the brink of recession, the Office for National Statistics said annual average pay excluding bonuses rose by 3.9 per cent in the three months to June, the highest rate since June 2008.

The ONS said about 115,000 more people found a job between April and June, when former British Prime Minister Theresa May extended the Brexit deadline until October, pushing up the number of people in work to a record of just over 32.8 million.