british purchasing power set to stagnate in 2018 study
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

British purchasing power set to stagnate in 2018: study

Arab Today, arab today

Arab Today, arab today British purchasing power set to stagnate in 2018: study

Britons' purchasing power looks set to stagnate in 2018
London - Arab Today

Britons' purchasing power, which took a hit this year against the backdrop of Brexit, looks set to stagnate in 2018, according to a new study released on Wednesday.

Following what was a "tough year for living standards" in 2017... the prospects for a "meaningful pay recovery" are "still out of sight", said Torsten Bell, head of the Resolution Foundation, a London-based think tank.

Since Britain voted to leave the European Union in June 2016, a drop in sterling -- making imported goods more expensive -- has pushed inflation up to more than 3.0 percent.

And while unemployment is currently at its lowest level since 1975, low productivity has prevented wages from keeping pace with inflation.

The think tank noted that stagnant pay packets next year actually represented an improvement over 2017, when real wages fell.

It suggested that the effect of the falling pound could ease off in the coming months, causing inflation to slow.

But the study predicted that the squeeze on purchasing power was likely to worsen before it improved.

For the moment, the high rate of inflation in Britain still appears to be hitting post-Christmas retail sales.

The number of people shopping on Boxing Day fell sharply compared to last year, according to retail performance analysts, Springboard.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

british purchasing power set to stagnate in 2018 study british purchasing power set to stagnate in 2018 study

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

british purchasing power set to stagnate in 2018 study british purchasing power set to stagnate in 2018 study

 



GMT 03:08 2017 Saturday ,02 September

March21st-April20th

GMT 15:06 2017 Sunday ,17 December

Vatican returns shrunken 'warrior'

GMT 11:24 2017 Tuesday ,14 March

All Black Milner-Skudder out for six weeks

GMT 00:06 2017 Thursday ,12 October

Power cut disrupts Brussels airport

GMT 17:11 2017 Saturday ,23 September

Iraqi forces control over 90% of Salahuddin province

GMT 19:48 2017 Thursday ,14 September

Abu Dhabi Ports receives ISO 28000 certification

GMT 20:15 2011 Wednesday ,20 April

IBM to build center of excellence in Romania

GMT 21:03 2012 Saturday ,08 September

Rolls-Royce motor cars expaind in Japan

GMT 12:22 2018 Tuesday ,16 January

Lord & Berry appoints b. the communications agency

GMT 16:43 2011 Sunday ,17 April

\"Quiet and brilliant\"

GMT 11:06 2015 Saturday ,25 July

Importance of balanced diet for mental health

GMT 16:53 2018 Thursday ,11 January

China orders 184 Airbus A320 planes

GMT 05:49 2017 Friday ,29 December

Wild Oats stripped of Sydney-Hobart win

GMT 10:44 2017 Saturday ,25 February

Tunisian embassy ignored citizens in Sweden

GMT 08:13 2017 Tuesday ,12 December

Ali Al Deek denies any difference with brother

GMT 17:09 2017 Wednesday ,15 March

Gold Coast prepared to host Commonwealth Games twice
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday