American Renaissance

U.K. Wage Growth Slows to 13-Month Low, Pay Researcher Reports

AR Articles on Britain
Whites as Kulaks (Jan. 2002)
Report from Britain (Sep. 2001)
Oldham Erupts (Jul. 2001)
No Representation (May 2001)
The Racial Transformation of Britain (Aug. 2000)
Black Crime in Britain (Apr. 1996)
Search AmRen.com for Britain
More news stories on Britain
Jennifer Ryan, Bloomberg, November 2, 2007

U.K. wage negotiators agreed on the smallest salary increases since September 2006 in the quarter through October as employers gave minimum pay raises to their lowest-earning workers, Incomes Data Services said.

{snip}

Salary gains for the lowest-paid slowed after the government ordered a 3.2 percent increase in the national minimum wage, the smallest gain since 2002. Bank of England policy maker David Blanchflower said Oct. 30 wage growth will stay “muted” as a record wave of immigration helps curb inflation pressures.

“It’s the lowest increase in a long time for the national minimum wage, and it’s having an impact on settlements,” Ken Mulkearn, editor of the London-based IDS’s pay report, said in an interview. The last time the minimum increase was lower was in 2002, when the gain was 2.4 percent, he said.

{snip}

Original article

Email Jennifer Ryan at Jryan13@bloomberg.net.

(Posted on November 6, 2007)

     Previous story       Next Story       Post a Comment      Search

Comments


Home      Top      Previous story       Next Story      Search

Post a Comment

Commenting guidelines: We welcome comments that add information or perspective, and we encourage polite debate. Statements of fact and well-considered opinion are welcome, but we will not post comments that include obscenities or insults, whether of groups or individuals. We reserve the right to hold our critics to lower standards.




Remember Me?

(you may use HTML tags for style)