BREAKING NEWS

BREAKING NEWS

UK worker earnings fall in real terms in year to April 2017 - ONS

Now Reading:

UK worker earnings fall in real terms in year to April 2017 - ONS

Text size Aa Aa

LONDON (Reuters) – British workers’ earnings fell in inflation-adjusted terms for the first time in three years during the 12 months to April 2017, according to a major annual survey of households published on Thursday. The Official For National Statistics said full-time workers’ weekly earnings decreased by 0.4 percent in the year to April, marking the first drop since 2014, due to a rise in inflation after the Brexit vote in June 2016. In nominal terms, median British full-time employee weekly earnings stood at 550 pounds ($728), up 2.2 percent from 539 pounds in the year to April 2016, the ONS said. ($1 = 0.7559 pounds)

(Reporting by Andy Bruce; Editing by Alistair Smout)
euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.