UK firms trim year-ahead wage growth expectations, BoE survey shows
Tweet
Share
E-mail
FILE PHOTO: Workers walk through the More London business district with Tower Bridge seen behind in London, November 11, 2015. REUTERS/Toby Melville/ File Photo
LONDON (Reuters) -British businesses have trimmed their expectations for wage growth over the coming year, a Bank of England survey conducted in June showed on Thursday.
Firms expected wage growth of 3.6%, down 0.1 percentage points on a three-month moving-average basis, according to the survey.
It added that in June, 29% of British businesses expected sales to be lower in the year ahead due to U.S. trade policy changes, while 24% of firms expected that their capital expenditures would be lower.
(Reporting by Muvija M; editing by William James)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Six big takeaways from a turbulent week of UN diplomacy
- Arming Taiwan an important US interest, Taipei official says after Trump-Xi summit
- Trump seeks to withhold $800 million in Congress-approved funds
Create E-mail Alert Related Categories
ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
