Unexpected business costs hitting wages, says FSB

The Labour Market stats are out today and they show unemployment has fallen by 60,000 people to 1.69 million in the period October to December 2015, while average weekly earnings rose by 2%.

FSB has suggested the fact that average earnings growth has slowed is a sign that businesses are putting off pay rises due to the cumulative impact of higher than expected minimum wage increases, auto-enrolment deadlines and changes to how dividends are taxed.

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