The possibility of a further reduction in the wages of British workers
| An institute in England predicted that British workers will experience a decrease in wages this year instead of an increase. |
report Mehr News Agency, according to Rashatodi, British workers will experience more wage cuts this year.
UK’s Chartered Institute of Personnel and Development (CIPD) recently wrote in a report that British workers may get smaller pay rises this year as employers consider cutting Wage increases are in the midst of economic problems in this country.
The report says the slowdown in workers’ wage growth comes at a time when many British employers are scaling back their hiring plans.
According to this report, the average expected future wage increase in England fell to 4% in the final quarter of 2023.
Economists in the UK have warned that low wage increases will hit people’s purchasing power and reduce their disposable income at a time when the cost of living is rising. .
