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UK employment levels at risk

UK employment could fall in 2020, despite average UK pay being expected to pass its pre-crisis record, economists have said.
The labour market is at a turning point, according to a report from the Resolution Foundation. It forecasts that average real pay – allowing for inflation – will surpass the peak it reached in 2008.
But the characteristic of 2019 are at risk, the thinktank said, adding that “Brexit uncertainty and global headwinds sapped business confidence, leading to stalling investment and zero productivity growth”. A year of historically poor GDP growth – on course for just 1% – puts into question whether employment levels of 76.2% and strong pay increases can continue in 2020.
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