Buzz People

UK incomes see sluggish growth

Real disposable incomes grew just 0.2% in the third quarter of 2017 from the previous three months as the weak pound continued to fuel inflation, the Office for National Statistics said.
The pound has fallen in value since the UK voted to leave the EU, making imported goods more expensive.
The UK's GDP grew 0.4% in the quarter, unchanged from the previous estimate.
Latest figures show that inflation hit 3.1% in November, but pay rises are failing to keep up.
Average weekly wages went up by only 2.3% in the three months to October from a year earlier.
The chief executive of Sainsbury's, Mike Coupe, said that despite that discrepancy, the supermarket chain was "not seeing a massive change in behaviour" on the part of its customers.
http://www.bbc.co.uk/news/business-42452951

 
Register Now