British Workers Get Biggest Pay Raise in 10 Years
In early 2019, UK employers offered the sharpest pay hikes in a decade.
The latest official data indicates a 3.4% increase in British workers’ pay – the fastest pace in over 10 years. This stands in contrast with economic challenges related to Brexit.
Median annual wage deals for this month was at 2.8 percent, compared with awards of 2.0 percent in December, according to preliminary figures collected by pay data firm XpertHR.
UK unemployment is at its lowest rate since the mid-1970s. The Bank of England has said that it expects pay growth to increase, and is likely to increase interest rates gradually against labor matket tihgterning.
Contributor
Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.
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