Britain is set to have the worst wage growth of any wealthy nation next year, ranking behind Italy, Greece and Hungary, according to analysis by the TUC. Only two other OECD nations – Spain and Italy – are expected to record negative wage growth, although both still outperform the UK. In contrast, Hungary is expected to come top for real wage growth next year, with pay set to accelerate by 4.9%. And 2018 is set to be bleaker still.”The analysis comes after the Resolution Foundation said this week it expects real wages in Britain to stagnate throughout 2018. Average weekly earnings have lagged behind inflation for eight months straight this year, despite a recent slight pick-up in wage growth.

Source: The Guardian December 29, 2017 00:01 UTC