Workers in Britain face the biggest squeeze on their pay for 70 years as Brexit knocks wage growth and stokes inflation, according to an analysis of the government’s latest tax and spending plans. At the same time, experts say pay growth could stall as companies grapple with political and economic uncertainty. Johnson noted that despite government rhetoric in the run-up to the autumn statement, Hammond offered relatively few giveaways for “just about managing” families, dubbed Jams. “Even so, the outlook for living standards and for the public finances has deteriorated pretty sharply over the last nine months. “It seems right that this autumn statement had the feeling of a ‘wait and see’ fiscal event.”

Source: The Guardian November 24, 2016 13:26 UTC