British workers' pay grew at its joint fastest pace in over a decade, adding to suggestions that Brexit uncertainty is prompting firms to hire workers.
British workers' pay grew at its joint fastest pace in over a decade, fuelled by further job creation, adding to suggestions that Brexit uncertainty is prompting firms to hire workers rather than make longer-term investment in equipment.
That was the joint highest rate since mid-2008 although in February alone the pace of wage growth slowed. However, the surge in jobs could reflect nervousness among businesses who have cut investment, making them more likely to hire workers who can be sacked in the event of a downturn in the economy. "The jobs market remains robust, with the number of people in work continuing to grow," ONS statistician Matt Hughes said."The increase over the past year is all coming from full-timers, both employees and the self-employed."
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