yingbo's summary

Wage growth remain low in the three months to November Average pay excluding bonuses went up at an annual rate of 1.1 per cent during the period, according to figures from the office for National Statistics. However, pay in private sector did not rise at all in November. The findings questioned about the strength of the economic recovery. Because unemployment fell for the first month in 18 months and GDP rose in the fourth quarter of last year, economy is believed to have recovered. But falling pay in private sector raised questions if economy has recovered fully. Low wage growth make inflation less happen in the future. A chief economic adviser think the problem of falling pay in the private sector should be tackled.We can see that the economy did not recover as expected. Wages did not rise in the private sector. Companies still want to reduce employees’ hours and wages. Government had to reduce public spending when the pay rose. There are hopes of economic recovery: unemployment fell and GDP rose. The low wage growth means inflation is less likely.