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UK households ‘at breaking point’ as real wages continue to fall – business live – The Guardian

The more competitive exchange rate has given a boost to manufacturing jobs, up 34,000 in the second quarter, but there are signs of weakness in the real estate sector where the number of jobs fell by 34,000. The consequences of the real wage squeeze for consumer spending may also be putting pressure on the arts, entertainment and recreation sector, which shed 30,000 jobs in the quarter.

This kind of mirror image effect could be an early pointer to a post Brexit future of winners and losers in the UK job market.’

UK households ‘at breaking point’ as real wages continue to fall – business live – The Guardian

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