British companies will offer higher wages as Brexit deters EU employees

British companies will offer higher wages as Brexit deters EU employees

British employers have to lift their pay offers amid soaring recruitment issues, as two polls disclosed on Wednesday, thus reacting to a sag in the number of EU employees since the Brexit vote.

Stronger pay surge would undoubtedly relieve a huge issue for the UK economy – salaries lagging inflation. It could contribute to the case for further interest rates lifts by the Bank of England. The previous week the given financial institution increased raised rates. It did it for the first time since 2007.

As the Recruitment and Employment Confederation informed, its monthly poll unveiled that in October starting salaries headed north at the second-quickest pact since November 2015.

EU workers are already leaving due to the uncertainties, as REC chief executive Kevin Green revealed.

On Wednesday, the Bank of England told that recruitment difficulties had drastically grown.

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