Workers expect a 3.8% pay rise in the next year, below the 4.6% planned by employers, suggesting businesses are mitigating against skills shortages 65% .
UK’s economic prospects remain on tenterhooks as skills shortages continue to prevail and the potential of a further wage/price spiral is still in sight.
The changes to the labour force survey announced by the Office for National Statistics to improve the accuracy of their data shows the effects of failin.