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UK employees are expected to face another hit to their spending power next year, while the vast majority of their peers in the world's other well-developed economies will enjoy small gains, as human resources company Korn Ferry informed on Tuesday.
A combination of high inflation, provoked in large part by the 2016 Brexit vote as well as poor wage surge means UK employees are expected to see their salaries dive in real terms by approximately 0.5% in 2018, according to a poll issued by the company.
As the most recent official data states, UK average weekly earnings declined by an annual 0.4% in the three months to September when updated for inflation.
Worldwide, inflation-adjusted wages are believed to soar by 1.5% in 2018, Korn Ferry told, which is the weakest forecast soar for five years. It definitely underscores the challenge for policymakers in many countries with low unemployment and poor wage surge.
In December, a major measure of American producer prices suddenly slumped and the overall gauge went down more than predicted in the face of lower crude prices, indicating that potential inflation pressures in the American economy are still there…
The level of British consumer price index (CPI) will be released on January 16 at 11:30 MT time.
In November, euro zone industrial output reported its greatest dive for almost three years, as follows from data uncovered on Monday…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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