12 June 2018

  |  CBI Press Team

Press release

'Stubbornly slow pay growth means living standards remain under pressure'

Labour market statistics for February 2018 to April 2018 show employment increased by 146,000 and unemployment decreased by 38,000.

'Stubbornly slow pay growth means living standards remain under pressure'

Matthew Percival, CBI Head of Employment Policy, said:

“The data paints a familiar picture – strong employment growth and falling unemployment. Yet stubbornly slow pay growth means living standards remain under pressure, so doubling down on efforts to boost productivity remains critical.

“Vacancies are at a record high and access to skills and labour is a huge concern for businesses. Government could help immediately by removing all shortage occupations from the tier 2 visa cap so employers – including the NHS – can access the skills they need.

"Longer-term, it’s essential that the link between labour mobility and trade is recognised to create a truly Global Britain – and the first test will be the UK’s relationship with the EU.”