Britons warned of slip in wage growth ...News

Russia Today - Economy
Britons warned of slip in wage growth
source : Russia Today ( News ) () 61
Companies across the UK are cutting back on hiring amid the prevailing economic uncertainty, a report says UK workers may face lower wage increases this year as employers are mulling cutting pay rises amid persisting economic woes, a recent report by the Chartered Institute of Personnel and Development (CIPD) has found.   The drop in wage growth comes as many UK employers are cutting back on hiring plans due to slowing growth, the report said.    The average future expected pay rise in the UK dropped to 4% in the final quarter of 2023, after holding at 5% for some time, marking the first fall since the beginning o

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