UK to sink to the bottom of OECD wage growth index in 2018
Britain is set to have the worst wage growth of any wealthy nation next year, ranking behind Italy, Greece and Hungary, according to analysis by the TUC.
The UK is forecast to come bottom from 32 Organisation for Economic Co-operation and Development wealthy nations for wage performance in 2018, according to the study of OECD figures by the unions’ umbrella group.
British workers are expected to see their earnings decrease by 0.7% in 2018 when taking account of inflation, which has surged in the past year as a result of the pound’s weakness since the EU referendum, pushing up the cost of importing food and fuel.
Only two other OECD nations – Spain and Italy – are expected to record negative wage growth, although both still outperform the UK.
Read more @The Guardian
