18 October 2017

  |  CBI Press Team

Press release

Falling real wages underlines need for bold Budget

Labour market statistics for June 2017 to August 2017 showed a 94,000 rise in employment and 52,000 fall in unemployment.

Falling real wages underlines need for bold Budget

The CBI has responded to the latest ONS labour market statistics.

Matthew Percival, CBI Head of Employment, said:

“Persistently weak productivity, coupled with falling real wages continues to hit living standards, underlining the need for the Chancellor to be bold in the Budget.

“Delivering urgent progress on large and small infrastructure projects, addressing underfunding in education and providing practical support for innovators are all steps the Government can take as part of a meaningful Industrial Strategy to boost productivity, the only sustainable route to improving people’s pay.”