Fewer British employers expect to hire staff in late 2016 and will raise pay by less than inflation next year as the effects of the decision to leave the European Union set in, an industry body said on Monday.
The Chartered Institute of Personnel Development said more employers expected to hire staff than cut them in the fourth quarter of this year, but the net employment balance slowed to +22 in its latest survey from +27 in the previous quarter.
The CIPD also said wages in real terms were likely to fall next year because, for the second quarter running, employers expected to make basic pay settlements of just 1.1 percent while inflation is rising.
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