United Kingdom - Worst real wage growth of all advanced economies predicted - December 31, 2017

An analysis conducted by trade union confederation TUC predicts that 2018 will be a poorer year than previous years for pay in Britain, where inflation has consistently outpaced wage growth in recent months. Inflation has surpassed 3%, largely fuelled by a dramatic fall in the pound in the aftermath of June 2016’s Brexit vote. The analysis, based on forecasts of the Organisation for Economic Cooperation and Development (OECD), expects that pay is to fall by 0.7% in 2018 after accounting for inflation. The forecasted pay downgrade is in line with earlier reports published by several thinktanks (see our November Newsletter) and a report of the independent Resolution Foundation.

Read on: in English …   The Report of the Resolution Foundation (with graphs and figures): in English …  

For more information, please contact the editor Jan Cremers or Nuria Ramos Martin, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the communications officer at the ETUI, Willy De Backer wdebacker@etui.org. For previous issues of the Collective bargaining newsletter please visit http://www.etui.org/E-Newsletters/Collective-bargaining-newsletter. Since June 2013 readers can consult our archive and search through all articles in our database at www.cbnarchive.euYou may find further information on the ETUI at www.etui.org, and on the AIAS at www.uva-aias.net.

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