"New dawn" breaking for UK pay growth, says BoE's Haldane
Share:
LONDON (Reuters) - Signs of a "new dawn" in British wage growth are growing after years of stagnation but the pick-up in pay is likely to be limited, the Bank of England's chief economist, Andy Haldane, said on Wednesday.Haldane contrasted the situation with a year ago, when he said there had been a number of false dawns on pay and repeated failings on the part of the BoE in forecasting higher pay.Now, with the end of a government cap on public-sector pay rises and a steady rise in the average..