The 'conundrum' at the heart of the British economy is getting worse — and economists are baffled

Aug 19 2018 by Business Insider

 

UK unemployment fell to a fresh record low this week, but wage growth is still failing to gain momentum. Andrew Goodwin, lead UK economist at Oxford Economics, calls this the "conundrum" at the heart of the British labour market. Sadly, there seems to be no end in sight to stagnant wage growth for British workers.


LONDON — UK's unemployment rate fell to just 4% this week — it's lowest level since comparable records began in the early 1970s — and some commentators took it as a sign...

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