Data from Eurostat showed that in the final quarter of 2018 wages across the Eurozone grew at an average 3 per cent, slowing across nearly all member states and in all areas of employment. Wages in the Eurozone grew at an average 2.3 per cent, running at 2.4 per cent in Germany from Q3’s 2.7 per cent and at 1.9 per cent in France from 1.6 per cent. In Britain wages in the 3 months to January grew at 3.4 per cent as unemployment dropped to 3.9 per cent. Britain now has a record 32.7 million people in work, up almost half a million from a year ago. In typical establishment style Tej Parikh of the Institute of directors warned, ‘’with uncertainty around Brexit reaching a crescendo, firms are becoming more cagey over their hiring decisions’’.
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