{"id":121963,"date":"2023-11-20T13:00:58","date_gmt":"2023-11-20T13:00:58","guid":{"rendered":"https:\/\/lasixlineon.com\/?p=121963"},"modified":"2023-11-20T13:00:58","modified_gmt":"2023-11-20T13:00:58","slug":"major-brexit-win-as-wages-soar-after-uncontrolled-migration-brought-in-check","status":"publish","type":"post","link":"https:\/\/lasixlineon.com\/politics\/major-brexit-win-as-wages-soar-after-uncontrolled-migration-brought-in-check\/","title":{"rendered":"Major Brexit win as wages soar after uncontrolled migration brought in check"},"content":{"rendered":"

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Brexit Britain has landed a huge win after an economist says leaving the European Union has resulted in wages soaring.<\/p>\n

Economists have said that a drop in immigration from the EU has meant British workers have more bargaining power and the ability to ask for higher wages.<\/p>\n

Senior analysts said the increase in wages had been driven in part by the reduction in people coming from the EU to the UK to work.<\/p>\n

They added that this was a situation that was unlikely to change as Britain continued to get used to being outside the EU.<\/p>\n

Furthermore, economists said that despite the Brexit benefit, the vote had become a taboo.<\/p>\n

READ MORE <\/strong> Remainers warned EU ‘not the same’ post-Brexit as immigration ‘out of control'[LATEST] <\/strong><\/p>\n

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Speaking to the Telegraph, the head of global strategy at French bank Natixis said: \u201cWe have decent labour demand but when you look at the supply, it has been cut massively due to Brexit.<\/p>\n

\u201cIt creates an imbalance that continues to fuel wage growth and this situation is here to stay.\u201d<\/p>\n

The news comes after figures released last week showed wages were growing at a record pace of 7.7 percent.<\/p>\n

In the build-up to the vote, Leave campaigners argued that leaving the EU would allow the British public to be paid more.<\/p>\n

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A letter signed by the likes of Boris Johnson and Michael Gove in May 2016 said: \u201cWages will be higher for working people outside the EU\u2026 because pay will no longer be undercut by uncontrolled migration.\u201d<\/p>\n

Economist Marion Amiot agreed, she said: \u201cIt\u2019s much harder to get people from Europe so UK based-employees have better bargaining power and it means they can get higher wages.<\/p>\n

\u201cObviously, we have seen immigration is still quite high on a net basis but it\u2019s not the same immigrants, so the skill set they bring is a bit different from before.\u201d<\/p>\n

Senior economist at Indeed Jack Kennedy added: \u201cObviously, we have seen immigration is still quite high on a net basis but it\u2019s not the same immigrants, so the skill set they bring is a bit different from before.\u201d<\/p>\n