A huge influx of foreign workers is threatening the economy by holding down wages, the head of the Bank of England warned yesterday. In a dramatic intervention, Mark Carney said high rates of immigration helped explain why pay rises had been subdued for several years. He said sluggish earnings were a key risk to the country's recovery from the worst recession in a century.
The comments coincide with the release of figures showing a record 4.8million foreigners work in Britain. Almost two million of them are from the European Union - another all-time high.
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