British employers expect wage growth to remain weak, according to a survey of personnel managers on Monday that contrasted with other reports that salaries are set to rise at a faster pace.
The report from the Chartered Institute of Personnel and Development (CIPD) showed private sector median wage settlements in the year to June 2015 are expected to be 2 percent. They were 2.5 percent in 2013.
Economists polled by Reuters expect inflation to average just below the Bank of England’s 2 percent target until midway through next year, meaning wage settlements would barely rise in real terms, according to the CIPD’s findings.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.