17 years without a raise? Welcome to Brexit Britain


As BREXIT is still ongoing, the future not looking good. After U.K Treasury published its report,  it look like there is going to be a weak outcome for growth. Britain have fallen out the top 5  world’s economies. From the report it looks like Britain would be unable to have a pay hike until 2025, that means 17 years without any pay raise. The ORB (Office of Budget Responsibility) predict that in 2025 it’s annual wage would be $740 below its pre-crisis peak from prior year. But Treasury chief Philip Hammond  have said to have set  $4billion to prepare BREXIT up to the next two years after it’s departed. But right now, it looks like the bill for BREXIT “divorce” from the EU, have been piling up.



Read more http://money.cnn.com/2017/11/23/news/economy/brexit-pay-raise-britain/index.html


Work cited
Kottasová, Ivana. “17 Years without a Raise? Welcome to Brexit Britain.” CNNMoney, Cable News Network, 24 Nov. 2017, 8:56, money.cnn.com/2017/11/23/news/economy/brexit-pay-raise-britain/in

Comments

  1. Taylor RuppelDecember 1, 2017 at 7:12 AM

    it will be interesting to see what truly happens in the UK and if their predictions will come true or not.

    ReplyDelete

Post a Comment

Popular posts from this blog

Irish border: The 'oxymoron' that could derail Brexit

As BREXIT are still in the talks, and processing we now see why Ireland is being part if it’s problem. It looks like the border is currently invisible, with no boarder control and traffic can run smoothly and no military check point. What’s the problem here, that BREXIT would leave Northern Ireland outside of the EU, which mean any goods going in would need to be inspected and it’ll require a tariff. But the EU thinks Northern Ireland should remain inside the internal market.     Read more Here-> http://money.cnn.com/2017/12/01/news/economy/irish-border-brexit/index.html     Work Cited Riley, Charles. “Irish Border: The 'Oxymoron' That Could Derail Brexit.” CNNMoney , Cable News Network, money.cnn.com/2017/12/01/news/economy/irish-border-brexit/index.html.
Read more