Going down faster than NLyUK Going down faster than NLyUK
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    Default Going down faster than NLyUK

    https://www.theguardian.com/uk-news/...-records-began

    Net migration to Britain over the past 12 months has fallen by the largest amount since records began, with EU nationals accounting for three-quarters of those who chose to return to their native country, official figures show.

    In strong evidence that a “Brexodus” is getting under way, the latest official figures show net migration to Britain fell by 106,000 to 230,000 in the 12 months to June.


    The Office for National Statistics said three-quarters of the 106,000 reduction in net migration from its 336,000 peak in June 2016 – the month of the referendum – was accounted for by European Union nationals.

    The figures show that the number of EU citizens leaving the UK rose by 29% to 123,000 with 43,000 saying they were returning home. This is the highest level of EU emigration from Britain since the 2008 recession.

    More EU migrants are still coming to live in Britain than leaving but their numbers are down 19% in the 12 months since the Brexit vote, from 284,000 to 230,000. The largest falls are among French, Germans, Spanish and Poles.
    Oh Dear how will we keep wages down?
    "If you didn't do anything that wasn't good for you it would be a very dull life. What are you gonna do? Everything that is pleasant in life is dangerous."

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  2. #2

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    Quote Originally Posted by vetran View Post
    https://www.theguardian.com/uk-news/...-records-began

    Oh Dear how will we keep wages down?
    Easy - employers will do nothing and keep wages low. Why do they have to increase them?

    The last thing the economy needs is increased running costs and until the productivity issue is sorted out then a recession can be expected. The Brexit mob will call this a success no doubt,
    “We've always defined ourselves by the ability to overcome the impossible. And we count these moments. These moments when we dare to aim higher, to break barriers, to reach for the stars, to make the unknown known. We count these moments as our proudest achievements. But we lost all that. Or perhaps we've just forgotten that we are still pioneers. And we've barely begun. And that our greatest accomplishments cannot be behind us, because our destiny lies above us.”

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    Quote Originally Posted by scooterscot View Post
    Easy - employers will do nothing and keep wages low. Why do they have to increase them?

    The last thing the economy needs is increased running costs and until the productivity issue is sorted out then a recession can be expected. The Brexit mob will call this a success no doubt,
    sometimes you need crayons to explain...

    when there is a shortage of labour willing to work for pennies the employers will need to put up wages.

    there isn't a skill shortage, just a shortage of people willing to work for peanuts.
    "If you didn't do anything that wasn't good for you it would be a very dull life. What are you gonna do? Everything that is pleasant in life is dangerous."

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  4. #4

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    The fact that net migration is above zero at all means there are more people in the country than before. So why would you expect wages not to continue to fall?

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    Default Going down faster than NLyUK

    Quote Originally Posted by scooterscot View Post
    Easy - employers will do nothing and keep wages low. Why do they have to increase them?
    Wrong

    https://uk.reuters.com/article/uk-br...-idUKKCN1BJ005

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    Quote Originally Posted by vetran View Post
    sometimes you need crayons to explain...

    when there is a shortage of labour willing to work for pennies the employers will need to put up wages.

    there isn't a skill shortage, just a shortage of people willing to work for peanuts.
    How do you explain wages across the rest of the EU eg Germany and France going up rather than being stagnant as in the UK ?

    https://tradingeconomics.com/germany/wages

    and that is even after their wages have jumped 15% at least in pounds last year due to the devaluation.
    Last edited by BlasterBates; 1st December 2017 at 08:43.
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