Uncertainty over Brexit hitting pay
Continued uncertainty over Brexit is having a "very real impact" on the pay of manufacturing workers, with wage deferrals and freezes escalating, a study has suggested.
The number of settlements being delayed is also on the increase, according to the latest data from manufacturers' organisation Make UK.
A survey of almost 100 companies indicated that 10% of settlements had been deferred, "significantly" higher than a year ago.
Where a deal was agreed, the average was 2.6%, up slightly from 2.5% at the start of the year.
Seamus Nevin, chief economist at Make UK, said: "These figures highlight the very real-world consequences for companies and their employees of the ongoing Brexit uncertainty.
"While there are a number of factors at play - the slowdown in major economies amongst them - it is no coincidence of timing that we have seen pay negotiations impacted since the end of March."
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