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The ‘conundrum’ at the heart of the British economy is getting worse — and economists are baffled





question mark sign unknown confusion

  • UK unemployment fell to a fresh record low this week, but wage growth is still failing to gain momentum.
  • Andrew Goodwin, lead UK economist at Oxford Economics, calls this the “conundrum” at the heart of the British labour market.
  • Sadly, there seems to be no end in sight to stagnant wage growth for British workers.

LONDON — UK’s unemployment rate fell to just 4% this week — it’s lowest level since comparable records began in the early 1970s — and some commentators took it as a sign Britain’s economy is performing solidly despite the uncertainty around Brexit.

The data, however, highlighted a conundrum read more >>>

Source:: BusinessInsider.Com

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