Pay squeeze likely to last until Christmas as inflation bites – CIPD

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Commenting on the latest ONS labour market statistics, Ian Brinkley, Acting Chief Economist at the CIPD said:

Posted inNews archiveon14 Sep 2017 Company ProfileCIPDView profile »

“The ongoing fall in real wages continues to undermine what is a very positive picture on employment. The combination of lagging pay rises and ever increasing levels of inflation will leave many workers feeling the squeeze again. Given there is little prospect of pay picking up in the near future, people will be forced to tighten their belts well into the Christmas period, putting additional pressure on already tight pay packets. In order to boost pay, the

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