Pages

Thursday, 14 May 2015

Foreign workers are dragging down wages in Britain: Bank of England boss's explosive intervention as number of EU migrants working in UK hits 2 MILLION

Foreign workers drag down UK wages, says bank chief

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.

No comments:

Post a Comment